Soybean futures fell to a two-month low in Chicago after Lula’s election win in Brazil raised expectations of closer ties with China, potentially eroding the US share of the world’s biggest soybean import market.

Source: [Bloomberg Markets](https://www.bloomberg.com/news/articles/2026-10-26/soybeans-hit-2-month-low-as-lula-s-win-lifts-china-trade-outlook)

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