On last Friday, October 23, the CBOT soybean benchmark contract settled at 1,269.5 cents/bushel, up 4.25 cents/bushel from the previous day, but it continued to weaken in early trading today, falling to around 1,241 cents/bushel. On the external market, CBOT soybeans briefly stabilized and rebounded on Friday after three consecutive weeks of declines, but weakened again today, mainly pressured by the following factors: First, the U.S. soybean harvest pace has accelerated, with the harvest completion rate reaching 64% in the week ending October 18, up sharply by 18 percentage points from 46% the previous week; dry weather has created favorable conditions for harvesting, and supply pressure continues to be released.