# Soybeans and corn firm on higher oil prices, but set for weekly losses

> Soybeans rose 0.3% and corn gained 0.1% on Friday as higher crude oil prices supported biofuel-linked demand. Both remain on track for weekly losses amid ample-supply expectations, including record U.S. soybean production, while traders await next week’s USDA estimates.

- Date: 2026-11-06 · published 2026-11-06T06:05:22.086Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/83351-soybeans-and-corn-firm-on-higher-oil-prices-but-set-for-weekly-losses
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Higher oil can improve the appeal of biofuel feedstocks and support soybean and corn prices, but abundant expected supplies and possible renewed Black Sea grain shipments limit upside. The reported daily gains are small against the commodities’ weekly declines.

## Read by commodity

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

## Sources

- at.marketscreener.com: https://at.marketscreener.com/boerse-nachrichten/sojabohnen-und-mais-legen-dank-hoeherer-oelpreise-zu-steuern-jedoch-auf-wochenverluste-zu-ce785fdddc80ff27
- newssignalsai.com: https://newssignalsai.com/news/soybeans-and-corn-firm-on-higher-oil-prices-but-set-for-weekly-losses--WyJ0cmFkaW5ndmlldyIsInRhZzpyZXV0ZXJzLmNvbSwyMDI2Om5ld3NtbF9MMk40Nk4wM0s6MCJd
- brecorder.com: https://www.brecorder.com/news/40447738/soybeans-and-corn-firm-on-higher-oil-prices-but-set-for-weekly-losses

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