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CBOT soybean futures fell to an 11-week low, with the January contract down 17.50 cents to $12.1675 a bushel, after crude oil dropped more than 7%. USDA estimates a record US soybean crop and the second-largest corn crop on record, and soybean prices are down 9% from a near three-year high last month.
Wheat rose on concerns that the Russia-Ukraine war will disrupt Black Sea grain exports.
Lower crude prices reduce the appeal of soyoil for biofuel and add pressure to soybean values, while a record US harvest keeps supplies ample for feed buyers. Black Sea export risks are the main support for wheat prices.
ava.fundNov 3, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
