# Soybean oil falls 2.68% and limits support for soybeans in Brazil

> Soybean oil dropped 2.68% to 63.53 US cents per pound on the December contract, pressured by lower crude oil. Soybeans fell 0.97%, while soybean meal rose 0.19% and corn gained 0.40%. A 0.66% fall in the Brazilian real further cut the reais value of Chicago prices.

- Date: 2026-11-04 · published 2026-11-05T19:35:24.573Z
- Category: market · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/82313-soybean-oil-falls-2-68-and-limits-support-for-soybeans-in-brazil
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Lower crude oil weakens biofuel demand for soybean oil, which pulls down the crush margin and soybean prices. A weaker real also lowers the local-currency cost of imported feed ingredients.

## Read by commodity

- SBO: bearish ▼
- SOY: bearish ▼

## Sources

- premiumcommodities.com.br: https://premiumcommodities.com.br/leitura-de-mercado/fechamento-mercado-soja-milho-trigo-2026-11-04

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