November 2025 Soybean Update
The rating for new crop soybeans improved one-point last week to 68 percent in good-to-excellent condition and compares to the year ago rating of 51 percent. Meanwhile, the rating for corn also improved one-point to 68 percent of the crop in the good-to-excellent category versus last year’s rating of 55 percent. Looking at November 2025 soybeans, they rebounded to 1131.5 last week and backed off as shown on the weekly chart. Unless there is a recovery past last week’s high, they are probably headed below support at 1095 to 1072, 1062, or 1055, which should complete the sell-off from the May high at 1203.75. However, longer-term, there is the risk for a decline to 1008.