# First Thing Today | Crude pullback weighs on soy complex - Pro Farmer

> Early Thursday trade showed November soybeans down 8.5 cents, with December soybean meal down $1.70 and soybean oil lower. Crude oil weakness pressured the soy complex, and reports that Russia had opened the Sea of Azov to shipments also weighed on sentiment.

- Date: 2026-10-29 · published 2026-10-29T18:05:30.730Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/1253-first-thing-today-crude-pullback-weighs-on-soy-complex-pro-farmer
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Lower crude weakens soybean oil's biofuel pull and reduces soy complex values, while Russian Black Sea access adds wheat and corn export supply.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- SOY: bearish ▼
- WTI: bearish ▼

## Sources

- profarmer.com: https://www.profarmer.com/news/first-thing-today/first-thing-today-crude-pullback-weighs-soy-complex

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.