Biggest loss of the last 10 months: Sharp drop in soybeans!

Soybean prices fell 4.5% in October, marking their largest monthly loss since December 2025 and ending a three-month rally, as record U.S. production expectations and an accelerated harvest weighed on the market. Additional pressure came from slowing Chinese purchases and Brazil's price advantage, though soybeans remain up more than 14% year-to-date. The drop matters because it signals that supply-side factors are outweighing demand from top importer China, a key driver of global agricultural prices. Traders will watch the pace of the U.S. harvest and Chinese buying activity for signs of whether the decline extends into November.