10/27/26 The Real(ity) Of the Soybean Market

10/27/2026 Click Above to Watch the Morning Market Talk Video The Real(ity) Of the Soybean Market On the Grains Soybean futures firmed overnight amid corrective buying after bouncing from a spike of the 100-day moving average on Monday. Corn futures traded modestly lower overnight, while wheat markets favored the downside aside from nearby SRW contracts. Brazil’s currency rate has moved to the leading focal point for soybean traders. After a plunge on Monday, soybean traders will monitor the Brazilian real. Overseas trading overnight showed the Brazilian real/U.S. dollar easing from Monday’s sharp price action. While the exchange rate isn’t likely to influence China’s soybean buying decisions, it will influence other global end-users for soybeans and other commodities. Soybean Harvest Surges Above Average; Corn Still Lagging Soybean harvest advanced 15 percentage points to 79%, two points ahead of average. Corn harvest increased 16 points to 60%, though that was still six points behind average. Note: Due to the government shutdown, there’s no year-ago comparison and the average paces continue to reflect 2021-2024. Seasonal pressure should begin to ease for soybeans as harvest moves into the final phases. Corn harvest pressure will persist as on-farm storage fills up and extra bushels move…