# Chart of the Week: Soybean Oil

> CBOT soybean oil futures fell from about 80 cents per pound to a Friday low of 61.34 cents, after rallying earlier in 2026. The article identifies 61.34 cents as short-term support and 59.90 cents as major support, and estimates the decline has removed more than $3.40 from the value of a bushel of soybeans.

- Date: 2026-11-07 · published 2026-11-07T21:06:18.738Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/86488-chart-of-the-week-soybean-oil
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Lower soybean oil prices reduce the oil component of soybean crush value, weighing on soybean prices and potentially affecting processor margins. The article describes price action without a new underlying supply or demand driver.

## Read by commodity

- SBO: bearish ▼
- SOY: bearish ▼

## Sources

- kluiscommodities.com: https://www.kluiscommodities.com/the-kluis-weekend-report/chart-of-the-week-corn-and-crude-oil-prices/

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