# CBOT soybeans set 11-week low under pressure from weak oil prices

> CBOT soybean futures fell to an 11-week low on Wednesday. The S&P GSCI Petroleum Index dropped 7.64% over five days, and crude weakness weighed on the complex.

- Date: 2026-11-04 · published 2026-11-05T00:05:34.935Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/80604-cbot-soybeans-set-11-week-low-under-pressure-from-weak-oil-prices
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Soybeans and soy oil track energy prices through biofuel demand, so falling crude pushes prices lower. The move is a routine price reaction to oil rather than a new supply or demand shock.

## Read by commodity

- SBO: bearish ▼
- SOY: bearish ▼
- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- ca.marketscreener.com: https://ca.marketscreener.com/news/cbot-soybeans-set-11-week-low-under-pressure-from-weak-oil-prices-ce785fdfde8ff126

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