Soybean futures on the Chicago Board of Trade reached a two-month low on October 26, 2026. The decline is relevant to the Direxion Auspice Broad Commodity Strategy ETF, traded as COM, but does not by itself establish a fall in the fund’s share price.

Key Takeaways

  • The soybean market update did not specify a futures contract, settlement price or percentage decline.
  • COM’s benchmark includes soybeans, but individual commodity positions can move into cash.

Soybean futures decline is not a COM price quote

The two-month low describes the level reached by soybean futures, not the size of their daily loss. Without a specified contract and price, it does not provide a precise measure of the session’s decline.

It also does not establish COM’s October 26 return. A move in one commodity is different from the performance of a diversified fund, and no corresponding COM price change was supplied.

How COM’s commodity exposure works

Direxion’s long-or-flat commodity strategy seeks to track the Auspice Broad Commodity Index before fees and expenses. The index covers 12 commodity futures, including soybeans, across agriculture, energy and metals.

Each component can be held long or moved flat into cash based on price trends. The strategy allows position changes within a month and reviews component sizing at month-end against predetermined volatility thresholds.

That structure matters when interpreting a soybean selloff: inclusion in the benchmark does not mean COM maintains continuous soybean exposure. The strategy description alone does not establish whether the fund held a soybean position during the October 26 session.

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