# CBOT soybeans fall to 11-week low as oil slumps and US output threatens to flood the market

> 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.

- Date: 2026-11-03 · published 2026-11-03T21:06:37.454Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/78379-cbot-soybeans-fall-to-11-week-low-as-oil-slumps-and-us-output-threatens-to
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

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.

## Read by commodity

- SOY: bearish ▼
- WTI: bearish ▼
- CORN: neutral
- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Sources

- ava.fund: https://ava.fund/news/cbot-soybeans-fall-to-11-week-low-as-oil-slumps-and-us-output-threatens-to-flood-03112026

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