# After the Bell | Soybeans fall below the $12 mark - Pro Farmer

> November soybeans fell 27 1/4 cents to $11.92 3/4 and December corn lost 8 3/4 cents to $4.71 3/4, both near daily lows. September soybean meal and soyoil also hit multi-week lows. Forecasts now call for better rain in the far western Corn Belt over the next two weeks.

- Date: 2026-07-29 · published 2026-07-29T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/8285-after-the-bell-soybeans-fall-below-the-12-mark-pro-farmer
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Profit-taking and weaker long positions pushed grains and oilseeds lower, and better rainfall forecasts reduce weather risk. Soybean meal and oil weakness points to softer feed and oil prices.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2026-07-30 | 5 | -4.8% | -2.9 | December corn lost 8.75 cents on July 29 as forecasts improved for rain in the far western Corn Belt, directly adding to the weekly drop. |
| SOY | 2026-07-30 | 5 | -6.1% | -2.8 | November soybeans broke below $12 with meal and soyoil at multi-week lows on improved western Corn Belt rain forecasts. |
| SBO | 2026-07-31 | 5 | -7.6% | -2.9 | Soybeans broke below $12 on improved weather forecasts and soyoil hit multi-week lows, showing continued complex-wide selling late in the window. |

## Sources

- profarmer.com: https://www.profarmer.com/news/after-bell/after-bell-soybeans-fall-below-12-mark

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