# Soybean Prices Below $12: Is a Bigger Selloff Coming Soon?

> 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.

- Date: 2026-11-04 · published 2026-11-05T00:15:00.988Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/80774-soybean-prices-below-12-is-a-bigger-selloff-coming-soon
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

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.

## Read by commodity

- SBO: bearish ▼
- SOY: bearish ▼
- CORN: bullish ▲
- WHEAT: bearish ▼

## Sources

- agrolatam.com: https://www.agrolatam.com/usa/news/soybean-prices-below-12-corn-usda-wasde-report/

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