Soybeans Prices man

Soybean prices averaged USD 1,263 cents per bushel in October, down 3.8% from September. On 30 October, the commodity traded at USD 1,222 cents per bushel, down 5.5% from 30 September.

Soybean prices fell in October as harvest pressure from a record U.S. crop, an advancing U.S. harvest, plus higher USDA production and ending-stock estimates weighed on the market. Uncertainty over Chinese demand also persisted: Soybeans were not exempted from recent tariff relief, and weak crushing margins and ample inventories curbed private purchases. However, renewed Chinese buying in the first half of the month provided some support.