# Soybeans Make New Lows, Capping Rally in Corn, Wheat Despite Big Mexico Sales

> January soybeans fell 17.5 cents to new lows for the move on Monday, with funds still holding large net long positions in soybeans, meal and oil. Analysts attributed the decline to technical selling and fund liquidation, alongside weakness in crude oil and equities.

- Date: 2026-11-03 · published 2026-11-03T03:05:19.366Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/76844-soybeans-make-new-lows-capping-rally-in-corn-wheat-despite-big-mexico-sales
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Heavy fund liquidation pressures soybean meal and oil prices, which feed into feed-ration costs. Traders are positioning ahead of the next WASDE, where a possible yield increase could weigh further on prices.

## Read by commodity

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

## Sources

- agweb.com: https://www.agweb.com/markets/market-analysis/soybeans-make-new-lows-capping-rally-corn-wheat-despite-big-mexico-sales

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