# Soybean Futures Decline as US Harvest Lags and Weekly Export Inspections Dip

- URL: https://stocks.freetheai.org/news/soybean-futures-decline-as-us-harvest-lags-and-weekly-export-inspections-dip-65fce5
- Published: 2026-10-13T22:15:51Z
- Category: commodities; sentiment: bearish; impact: low
- Symbols: [CBOT:ZL1!](https://stocks.freetheai.org/symbols/CBOT-ZL1!)
- Written by our AI from expert market sources across the web for FreeTheAI Stocks, built by Vibhek Soni
- How write-ups are made: https://stocks.freetheai.org/how-we-write
- Not financial advice: https://stocks.freetheai.org/disclaimer

U.S. soybean futures declined across the board on Tuesday, ending down 2 to 6 cents. November 2026 soybean contracts dropped 4 cents to close at $12.83 3/4 per bushel, while cash bean prices fell 2 1/2 cents to $12.25 3/4. Byproduct markets also recorded losses, as soymeal futures dropped between $1.50 and $5.50 and soy oil contracts fell 31 to 63 points.

The price drop occurred alongside shifting supply and demand data. U.S. soybean harvest completion reached 46%, placing field progress 4 percentage points behind the historical average, while crop condition ratings held steady at 57% rated good to excellent. In trade activity, weekly export inspections reached 1.097 million metric tons for the week ending October 8, reflecting an 8.6% drop from the prior week despite being 7.8% above the same week last year. China received the largest shipment share at 649,252 metric tons, followed by Mexico and Egypt. Additionally, Sinograin sold 209,904 metric tons of soybeans from state reserves in China, filling 40.5% of the total offered amount.

Traders are watching harvest progress and ongoing shipping activity as total marketing year exports stand at 5.144 million metric tons, up 26.6% year-over-year. Market participants are also monitoring October futures contracts, which are set to expire on Wednesday.

## Key points

- U.S. soybean futures closed 2 to 6 cents lower on Tuesday, with November contracts falling to $12.83 3/4 per bushel.
- The domestic soybean harvest is 46% complete, trailing four percentage points behind the average historical pace.
- Weekly soybean export inspections slipped 8.6% week-over-week to 1.097 million metric tons, led by shipments to China.
- Year-to-date soybean exports reached 5.144 million metric tons, remaining 26.6% ahead of last year's pace.
- Sinograin sold 209,904 metric tons of soybeans at a Chinese state reserve auction, equal to 40.5% of the offered volume.

## Questions and answers

### What was the U.S. soybean harvest progress in the latest report?

The U.S. soybean harvest reached 46% complete, four percentage points behind the average pace. Crop conditions held unchanged at 57% rated good to excellent.

### How much soybean volume did China receive in recent export inspections?

China received 649,252 metric tons of U.S. soybeans in weekly export inspections, making it the top destination. Additionally, Sinograin sold 209,904 metric tons at a state reserve auction.

### Where did November soybean futures close on Tuesday?

November 2026 soybean futures closed down 4 cents at $12.83 3/4 per bushel, while nearby cash prices fell 2 1/2 cents to $12.25 3/4.