# CBOT corn and soybean futures fall to multi-month lows as USDA points to US supply glut

> CBOT grain futures closed broadly lower on November 3. Corn fell to a four-month low at $4.4250 a bushel, January soybeans fell to a two-and-a-half-month low at $12.14, and December wheat closed at $5.9975. The USDA projects record US soybean and second-largest corn harvests, and StoneX raised its average yield forecasts for both crops.

- Date: 2026-11-04 · published 2026-11-05T19:37:10.353Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/82332-cbot-corn-and-soybean-futures-fall-to-multi-month-lows-as-usda-points-to-us
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Large projected US supplies and weaker export demand, with Brazil taking market share, point to lower corn, soybean and meal prices for feed buyers. Wheat is also under pressure from prospects of Russia-Ukraine talks that could ease Black Sea export constraints.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-11-09 | [USDA Projects Higher Corn and Soybean Supply](https://feedsoft.ai/events/38641-usda-projects-higher-corn-and-soybean-supply.md) | +1.6% | -5.7% |
| CORN | 2023-12-08 | [U.S. grains: CBOT grain, soybean futures tumble after monthly USDA data \| Farmtario](https://feedsoft.ai/events/32635-u-s-grains-cbot-grain-soybean-futures-tumble-after-monthly-usda-data-farmtario.md) | -2.7% | -0.3% |
| CORN | 2023-04-11 | [USDA Forecasts Steady U.S. Corn and Soybean Supplies](https://feedsoft.ai/events/36342-usda-forecasts-steady-u-s-corn-and-soybean-supplies.md) | +0.4% | +0.2% |
| CORN | 2026-09-30 | [US corn and soybeans prices fall sharply after USDA stocks surprise \| S&P Global](https://feedsoft.ai/events/17402-us-corn-and-soybeans-prices-fall-sharply-after-usda-stocks-surprise-s-and-p.md) | -0.5% | -6.2% |
| CORN | 2022-01-12 | [USDA lowers global corn, soybean and cotton carryout numbers - Pro Farmer](https://feedsoft.ai/events/43101-usda-lowers-global-corn-soybean-and-cotton-carryout-numbers-pro-farmer.md) | -2.6% | +3.6% |
| SOY | 2022-11-09 | [USDA Projects Higher Corn and Soybean Supply](https://feedsoft.ai/events/38641-usda-projects-higher-corn-and-soybean-supply.md) | +0.9% | +1.9% |
| SOY | 2023-12-08 | [U.S. grains: CBOT grain, soybean futures tumble after monthly USDA data \| Farmtario](https://feedsoft.ai/events/32635-u-s-grains-cbot-grain-soybean-futures-tumble-after-monthly-usda-data-farmtario.md) | +0.2% | -5.5% |
| SOY | 2023-04-11 | [USDA Forecasts Steady U.S. Corn and Soybean Supplies](https://feedsoft.ai/events/36342-usda-forecasts-steady-u-s-corn-and-soybean-supplies.md) | +2.0% | -1.2% |

## Sources

- ava.fund: https://ava.fund/ja/news/cbot-corn-and-soybeans-slump-to-multi-month-lows-as-usda-signals-us-output-will-04112026

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