Soybean commentary: Futures drop on soymeal decline, stronger US Dollar Index

Soybean futures changed direction and dropped on the Chicago Mercantile Exchange on Friday November 1, as soymeal contracts declined, putting some downward pressure on prices, along with a stronger US Dollar Index. Soybean futures started the session higher, returning to the $10 per bushel level, amid a sharp rise in soyoil and new US exports flash sales.