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January soybean futures briefly fell below $12 per bushel on the Chicago Board of Trade on November 4, 2026, touching an intraday low of $11.98¾ before closing at $12.02¼, down 11¾ cents. December corn gained 1¾ cents to $4.42¼, while December Chicago wheat slipped to $5.98½ and Kansas City and Minneapolis wheat also finished lower.
Traders are positioning ahead of the USDA's November 10 WASDE report.
Soybean weakness tracked softer soybean oil and crude oil prices, and the market is now looking to the USDA's November crop and stocks estimates for direction on yields and ending stocks. For feed buyers, soybean meal and oil cost signals stay tied to the energy complex and upcoming USDA numbers.
agrolatam.comEmily TraskNov 4, 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.
