# Soybeans near 11-week low as US harvest enters final stretch

> CBOT soybean futures fell to their lowest level in about 11 weeks on 2 November, down 18.25 cents to $12.16 per bushel, as crude oil prices dropped more than 7%. USDA estimates put the US soybean crop at a record and the corn crop at the second largest, with soybean futures down about 9% since last month's three-year high.

- Date: 2026-11-02 · published 2026-11-02T19:42:07.846Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/75734-soybeans-near-11-week-low-as-us-harvest-enters-final-stretch
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A record US soybean harvest and weaker crude oil are pressuring soybean and soymeal values, which lowers feed protein costs for buyers.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- WTI: bearish ▼
- CORN: bearish ▼
- WHEAT: neutral

## Sources

- au.marketscreener.com: https://au.marketscreener.com/news/chicago-soybeans-hit-11-week-low-as-us-harvest-nears-end-ce785fdede8af22d
- br.investing.com: https://br.investing.com/news/economy-news/soja-se-aproxima-da-minima-em-11-semanas-enquanto-colheita-nos-eua-entra-na-reta-final-2112208
- es.marketscreener.com: https://es.marketscreener.com/noticias/soja-cerca-de-m-nimos-en-11-semanas-mientras-la-cosecha-de-eeuu-entra-a-la-recta-final-ce785fd9db8ef622
- in.marketscreener.com: https://in.marketscreener.com/news/soybeans-near-11-week-low-as-us-harvest-enters-final-stretch-ce785fd9db8cf524

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