# CBOT soyabeans drop to near 3-month low - Markets - Business Recorder

> CBOT November soybean futures fell to their weakest level since June 25, touching $12.62 a bushel, after breaking below the 200-day moving average. Analysts attributed the slide to rising supplies as the US harvest began and to spillover pressure from falling crude oil and equities.

- Date: 2021-09-20 · published 2021-09-20T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/45118-cbot-soyabeans-drop-to-near-3-month-low-markets-business-recorder
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Harvest selling increases available supply while weaker crude weakens soyoil's biofuel link, both pressuring soybean and soymeal prices. The move is routine price commentary with no major new supply shock.

## Read by commodity

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

## Sources

- brecorder.com: https://www.brecorder.com/news/40121476

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