{
  "id": 16557360,
  "title": "Soybeans drop to 2-month low on US harvest pressure, weaker oil",
  "url": "https://urgent.news/2026/10/26/soybeans-drop-to-2-month-low-on-us-harvest-pressure-weaker-oil",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-26T04:07:02.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/commodities/soybeans-drop-to-2-month-low-on-us-harvest-pressure-weaker-oil/article71625580.ece"
  },
  "original_language": "en",
  "account": "Soybean prices plummeted to a two-month low on Monday, driven by a glut of US harvest supplies and a decline in oil prices. Corn and wheat prices also declined, although wheat's losses were mitigated by ongoing disruptions to Black Sea supplies. A Singapore-based trader attributed the soybean drop to seasonal pressure resulting from the accelerated US harvest. The Chicago Board of Trade's most-active soybean contract fell by 1.2 percent to $12.41-1/4 per bushel, marking its lowest level since August 26. Corn prices slipped by 1.1 percent to $4.51 per bushel, while wheat declined by 0.4 percent to $6.22-3/4 per bushel. Oil prices declined after surging to near six-month highs last week, but ongoing attacks on Saudi Arabia maintained supply concerns. In contrast to last week, when soybean prices were supported by strong export demand and higher oil prices, the US Department of Agriculture reported net export sales of US soybeans in the week ended October 15 at 2.8 million metric tons, close to the upper estimate. The drop in oil prices, often a key factor influencing agricultural markets due to grains and oilseeds' role in biofuel production, contributed to the soybean decline. US Department of Agriculture's net export sales of US soybeans in the week ended on October 15 was reported to be 2.8 million metric tons.",
  "summary": "Corn and wheat prices also fell, though losses in wheat were limited by continued disruption to Black Sea supplies",
  "key_points": [
    "Soybeans hit 2-month low at $12.41-1/4 per bushel",
    "US harvest glut and lower oil prices drove decline",
    "Net export sales of US soybeans at 2.8 million metric tons"
  ],
  "editors_take": "The combination of an accelerated US harvest and falling oil prices shifts the market from export-driven strength toward a period of seasonal supply pressure and reduced biofuel demand.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}