# Soybeans fall sharply in Chicago and weigh on oil prices

> Chicago soybeans fell $15 per tonne, or 3.3%, over the week to a two-and-a-half-month low; soybean oil dropped 5.5% and soybean meal fell 1.7%. The article attributes the declines to the U.S. harvest, expectations for large South American production—especially in Brazil—and a weaker real that could encourage Brazilian sales; lower oil prices also pressured soybean oil and corn through biofuel demand expectations.

- Date: 2026-11-07 · published 2026-11-07T12:05:36.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/85855-soybeans-fall-sharply-in-chicago-and-weigh-on-oil-prices
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.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), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Harvest arrivals and expectations of abundant South American supply increase competition and weigh on soybean complex prices. Lower crude oil prices can also reduce biofuel-related support for soybean oil and corn.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- SOY: bearish ▼
- WTI: bearish ▼
- CORN: bearish ▼
- BRENT: bearish ▼
- USDBRL: bullish ▲

## Sources

- portal.rumen360.com: https://portal.rumen360.com/articulos/semana-negativa-para-la-soja-fuerte-baja-en-chicago-y-caida-del-aceite

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