# Soybeans pushed into negative territory by oil

> Chicago grains rose on Wednesday as the dollar weakened after the US midterm election results, while crude oil fell more than 8% during the session. Soybeans and soyoil closed lower, with soyoil down about 2%, as the US harvest advanced. The January 2027 soybean contract fell 11.75 cents to $12.02 per bushel, while December SRW wheat dropped 1.25 cents to $5.99 and December corn gained 1.75 cents to $4.44.

- Date: 2026-11-05 · published 2026-11-05T13:38:08.603Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/81870-soybeans-pushed-into-negative-territory-by-oil
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Lower crude weakens the ethanol and biodiesel margins that support corn and soybean oil demand, while a weaker dollar makes US exports more competitive abroad. Soybeans are pressured by harvest progress and oil's decline, while corn benefits from the currency move.

## Read by commodity

- DXY: bearish ▼
- SOY: bearish ▼
- WTI: bearish ▼
- CORN: bullish ▲
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-02-05 | [Soybeans, Wheat and Corn Pushed Down by Strong Dollar \| February 5, 2024](https://feedsoft.ai/events/7197-soybeans-wheat-and-corn-pushed-down-by-strong-dollar-february-5-2024.md) | -0.4% | -3.5% |
| SOY | 2025-04-07 | [Palm and soybean oil prices fell by 4.4-5.9% amid a 14.5% drop in oil prices in two days](https://feedsoft.ai/events/9630-palm-and-soybean-oil-prices-fell-by-4-4-5-9-amid-a-14-5-drop-in-oil-prices-in.md) | +6.7% | +6.2% |
| SOY | 2018-05-04 | [China not purchasing soybeans from the U.S. is not new](https://feedsoft.ai/events/65060-china-not-purchasing-soybeans-from-the-u-s-is-not-new.md) | -2.9% | -2.1% |
| SOY | 2019-04-24 | [An Explanation for Soybeans' Day-to-Day Swings](https://feedsoft.ai/events/59633-an-explanation-for-soybeans-day-to-day-swings.md) | -2.4% | -4.6% |
| SOY | 2017-05-18 | [Brazil uncertainties shake up soybeans, corn - Brownfield Ag News](https://feedsoft.ai/events/7585-brazil-uncertainties-shake-up-soybeans-corn-brownfield-ag-news.md) | -2.8% | -4.2% |
| WHEAT | 2024-02-05 | [Soybeans, Wheat and Corn Pushed Down by Strong Dollar \| February 5, 2024](https://feedsoft.ai/events/7197-soybeans-wheat-and-corn-pushed-down-by-strong-dollar-february-5-2024.md) | -1.3% | -9.3% |
| WHEAT | 2026-06-01 | [Corn, Wheat Continue to Fall with Crude Oil: Soybeans and Cattle Rally](https://feedsoft.ai/events/19274-corn-wheat-continue-to-fall-with-crude-oil-soybeans-and-cattle-rally.md) | -2.6% | -1.5% |
| WHEAT | 2017-05-18 | [U.S. grains: Soybeans fall as Brazilian currency dives - AgCanada](https://feedsoft.ai/events/7583-u-s-grains-soybeans-fall-as-brazilian-currency-dives-agcanada.md) | +3.0% | +1.9% |

## Sources

- terre-net.fr: https://www.terre-net.fr/prix-des-cereales/article/905709/la-chute-du-petrole-emporte-le-soja-dans-le-rouge-a-chicago

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