# CBOT soybean rout accelerates ahead of U.S. planting season

> Most-active CBOT soybeans fell on Wednesday to their lowest level since early December, ending nearly 6% below this month's high. New-crop November beans settled at $12.72-1/2 per bushel, more than 8% below the month's high.

- Date: 2023-03-23 · published 2023-03-23T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/36884-cbot-soybean-rout-accelerates-ahead-of-u-s-planting-season
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Sustained futures weakness lowers the cost of soybean meal and oil inputs for feed buyers, though the slide reflects expectations of ample supply rather than a new shortage.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/cbot-soybean-rout-accelerates-ahead-us-planting-season-2023-03-23/

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