CME Group Inc.
11/05/2026 | Press release | Distributed by Public on 11/05/2026 16:29
Soybean futures hit oversold territory ahead of USDA report.
Soybean futures closed at their lowest levels since August, dipping into extreme oversold territory as the Relative Strength Index fell below 20%. Prices also settled convincingly beneath the 200-day moving average. Meanwhile, weekly export sales reached 1.456 million metric tons, landing below high-end expectations. Markets now look ahead to Tuesday's USDA report for critical updates on national yield, production, and ending stocks as the harvest concludes.
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