# Grain Spreads: Beans at 200 Day

> January soybeans closed at the low end of the day's range, sitting on 200-day moving average support near $12.02. Crude oil fell sharply, pulling soybean oil to a seven-month low, and a 167K-ton flash sale of beans to Spain was reported. Funds hold large soybean and meal long positions ahead of the USDA report.

- Date: 2026-11-04 · published 2026-11-05T00:06:17.374Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/80617-grain-spreads-beans-at-200-day
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Heavy fund long positions raise the risk of liquidation if USDA ending stocks come in high, which would pressure bean and meal prices. The EU demand for non-Brazilian beans due to deforestation rules supports US export flows.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- SOY: bearish ▼
- WTI: bearish ▼

## Sources

- barchart.com: https://www.barchart.com/story/news/8659171/grain-spreads-beans-at-200-day

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