# Soybean Futures Slip on Monday as Harvest Gains Momentum and Government Reports Are Delayed

- URL: https://stocks.freetheai.org/news/soybean-futures-slip-on-monday-as-harvest-gains-momentum-and-government-reports-ba3a31
- Published: 2026-10-12T22:17:42Z
- Category: commodities; sentiment: bearish; impact: low
- Symbols: [CBOT:ZL1!](https://stocks.freetheai.org/symbols/CBOT-ZL1!)
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Soybean futures settled lower on Monday, recouping a portion of sharp early-session losses. November contracts dropped 4 1/4 cents to settle at $12.87 3/4 per bushel, while nearby cash bean prices fell 6 3/4 cents to $12.27 1/4. Later contracts also recorded modest declines, with January and March futures each sliding 4 cents or more. In contrast, soybean product markets showed strength, as soymeal futures gained between 40 cents and $6.90, while soy oil advanced.

Market activity unfolded alongside key harvest developments and pricing metrics. The October discovery window for crop insurance harvest prices is underway, with November soybean futures averaging $12.89 so far this month. Meanwhile, growers are making progress ahead of expected rainfall on Thursday across parts of the Southern Plains, Missouri, southern Iowa, Illinois, Indiana, and Ohio.

Traders are also awaiting updated official data after federal offices closed for the Columbus Day holiday on Monday. As a result of the holiday closure, weekly government reports covering crop progress and export inspections will be released on Tuesday.

## Key points

- November 2026 soybean futures fell 4 1/4 cents on Monday to close at $12.87 3/4 per bushel.
- Cash bean prices declined 6 3/4 cents to a national average of $12.27 1/4.
- Soymeal futures gained 40 cents to $6.90, while soy oil futures rose between 42 and 61 points.
- Rain is expected by Thursday across key production regions in the Southern Plains and Midwest.
- Federal crop inspection and progress reports were rescheduled to Tuesday due to the Columbus Day holiday.

## Questions and answers

### Why were government crop reports delayed on Monday?

Federal offices were closed on Monday for the Columbus Day holiday, moving the release of export inspections and crop progress reports to Tuesday.

### What is the crop insurance harvest price average for soybeans?

During the October calculation window, November soybean futures have averaged $12.89 so far.

### Where settled soybean futures prices on Monday?

November soybeans closed down 4 1/4 cents at $12.87 3/4, January futures fell 4 cents to $13.04 3/4, and March futures dropped 4 1/4 cents to $13.14 1/2.