CBOT frontmonth November futures settled at 1,277.50 US cents per bushel, down 5.25 cents. The decline stemmed from dry weather across the US Midwest accelerating harvest progress beyond expectations. As of October 11, the US soybean harvest stood at 46%, above market estimates of 44%, bringing freshcrop supply pressure to the forefront. The USDA raised its 2026 US soybean production estimate to 4.562 billion bushels with a yield of 53.1 bushels per acre, reinforcing bumpercrop expectations. Though US private exporters sold 470,000 tonnes of 2026/27crop soybeans to China, market expectations point to September crush volumes possibly dropping to a oneyear low, weighing broadly on offshore markets.