# CBOT Commodities Market: Soybeans Close at 11-Week Low as Crude Oil Plunges and US Harvest Pressure Mounts

> On Monday, November 2, CBOT January soybeans fell 17.50 cents to $12.1675/bu, a roughly 11-week low, as crude oil dropped more than 7%. Corn December rose 0.50 cents to $4.4825 after touching a four-month low intraday, and wheat December gained 3 cents to $6.0650. USDA reported record soybean harvest progress and second-largest corn harvest pace.

- Date: 2026-11-03 · published 2026-11-03T07:37:09.874Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/77287-cbot-commodities-market-soybeans-close-at-11-week-low-as-crude-oil-plunges-and
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Corn](https://feedsoft.ai/c/CORN.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Lower crude weakens the biofuel link that supports soybean oil and crush demand, and fast US harvest progress adds to near-term supply pressure on soybeans and meal.

## Read by commodity

- SBO: bearish ▼
- SOY: bearish ▼
- WTI: bearish ▼
- CORN: neutral

## Sources

- infoquest.co.th: https://www.infoquest.co.th/2026/672865

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