# Soy Falls to 11-Week Low

> CBOT soybean futures fell to an 11-week low on Wednesday as crude oil dropped about 9% after Republicans lost control of Congress in the midterms. January soybeans closed down 11.75 cents at $12.0225 a bushel, while December soybean oil and meal also weakened. Traders said lower crude pressured soybean prices through the biofuel link.

- Date: 2026-11-04 · published 2026-11-05T07:37:19.623Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/81385-soy-falls-to-11-week-low
- 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

Lower crude weakens the biofuel margin for soybean oil, which pulls down soybean crush economics and soybean prices. Soymeal, a feed ingredient, also softened, so feed buyers may see slightly cheaper protein near term if the energy slide holds.

## Read by commodity

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

## Sources

- emtiadefteri.com: https://www.emtiadefteri.com/emtia-flash-ghost-0cf866b4b638b1d78acea7e2/

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