# Soybeans extend losses in Chicago this Wednesday as January nears $12.00 on new supply projections

> Soybean futures in Chicago opened lower on Wednesday, extending losses from the first two sessions of November, with the January 2027 contract approaching $12.00 per bushel. StoneX raised its production estimates for both the United States and Brazil, while the market awaits the next USDA supply and demand report.

- Date: 2026-11-04 · published 2026-11-04T15:05:19.144Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/79853-soybeans-extend-losses-in-chicago-this-wednesday-as-january-nears-12-00-on-new
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Higher projected output from the US and Brazil increases expected supply, which pressures soybean prices. Buyers can expect softer soybean and meal costs unless demand absorbs the larger crop.

## Read by commodity

- SOY: bearish ▼

## Sources

- noticiasagricolas.com.br: https://www.noticiasagricolas.com.br/noticias/soja/430791-soja-amplia-perdas-em-chicago-nesta-quarta-feira-e-janeiro-se-aproxima-dos-us-12-00-com-novas-projecoes-de-oferta.html

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