# CBOT soybeans open 2024 on worst note in 40 years  | Reuters

> Most-active CBOT soybean futures bottomed at $12.36 per bushel on Monday, the lowest since December 2021, and settled about 10% below their mid-November peak. The start of 2024 marked the weakest opening for the date in four years.

- Date: 2024-01-09 · published 2024-01-09T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/32153-cbot-soybeans-open-2024-on-worst-note-in-40-years-reuters
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Soybean prices falling to multi-year lows signal ample supply relative to demand, which keeps feed-ingredient costs favorable for buyers in the near term.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/us/cbot-soybeans-open-2024-worst-note-40-years-2024-01-09/

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