# Soybeans Fall in Chicago on Optimistic US Crop Outlook

> January 2027 soybean futures in Chicago closed down 0.97% at $12.0225 per bushel, extending a losing streak to eight sessions. StoneX raised its forecast for the 2026/27 US soybean crop to a record 128.49 million tonnes, 4.4 million above USDA's October estimate. December corn rose 0.40% to $4.4425 per bushel.

- Date: 2026-11-04 · published 2026-11-05T01:35:27.885Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/80930-soybeans-fall-in-chicago-on-optimistic-us-crop-outlook
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A larger US crop forecast adds to ample supply and supports the bearish soybean price trend. The analyst sees a possible rebound toward $12 only if Brazil's weather stays favorable, so the outlook is for limited upside.

## Read by commodity

- SOY: bearish ▼
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-10-26 | [Improved US, South American Crop Outlook Weighs on Soybean Prices \| CZ app](https://feedsoft.ai/events/17150-improved-us-south-american-crop-outlook-weighs-on-soybean-prices-cz-app.md) | -1.5% | — |
| SOY | 2017-01-01 | [Corn and Soybean Production Outlook in 2017-18](https://feedsoft.ai/events/72931-corn-and-soybean-production-outlook-in-2017-18.md) | 0.0% | +2.8% |
| SOY | 2021-02-19 | [Outlook Forecasts Larger Corn, Soybean Crops for 2021](https://feedsoft.ai/events/48482-outlook-forecasts-larger-corn-soybean-crops-for-2021.md) | +2.3% | +1.3% |
| SOY | 2024-06-12 | [China May soybean imports fall 11.6% on year](https://feedsoft.ai/events/14742-china-may-soybean-imports-fall-11-6-on-year.md) | -0.3% | -3.0% |
| SOY | 2024-08-12 | [U.S. grains: Soybeans fall to four-year low on record U.S. crop estimate - Manitoba Co-operator](https://feedsoft.ai/events/10466-u-s-grains-soybeans-fall-to-four-year-low-on-record-u-s-crop-estimate-manitoba.md) | -8.7% | -2.7% |
| CORN | 2017-01-01 | [Corn and Soybean Production Outlook in 2017-18](https://feedsoft.ai/events/72931-corn-and-soybean-production-outlook-in-2017-18.md) | +0.3% | +2.3% |
| CORN | 2022-10-12 | [Soybeans rally after USDA cuts U.S. harvest outlook \| Financial Post](https://feedsoft.ai/events/39163-soybeans-rally-after-usda-cuts-u-s-harvest-outlook-financial-post.md) | +1.9% | -1.0% |
| CORN | 2017-09-19 | [Corn and soybean production outlook in 2017-18 \| Illinois Extension \| Illinois](https://feedsoft.ai/events/68799-corn-and-soybean-production-outlook-in-2017-18-illinois-extension-illinois.md) | +0.2% | +2.5% |

## Sources

- globorural.globo.com: https://globorural.globo.com/cotacoes/noticia/2026/11/soja-cai-em-chicago-com-previsao-otimista-para-safra-nos-eua.ghtml

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