CBOT soybean futures front-month November contract settled at 1320.00, down 1.00 cent per bushel. Chicago Board of Trade (CBOT) soybean futures closed lower, with the market continuing to focus on U.S. soybean export prospects. The USDA has recently confirmed export sales to China and other destinations multiple times, but the latest weekly export net increase was 582,000 tonnes, down 66% from the previous week. On the Brazil side, El Nio is expected to cause above-normal spring rainfall in the south, potentially affecting field operations and crop establishment. Patria forecasts Brazil's 2026/27 soybean production at 173.75 million tonnes, down 3.3% year on year, but this has not yet incorporated the potential yield-reduction risk from El Nio. On the macro and geopolitical front, China and the United States agreed to reduce tariffs on unspecified $30 billion worth of goods, including unspecified agricultural products.