# Soybeans posted their biggest drop in Chicago on Friday

> Soybeans recorded the largest losses in Chicago, with funds estimated to have sold 7,000 soybean, 2,000 soybean-meal and 6,000 soybean-oil contracts. Expectations for a record US harvest and a lack of significant new Chinese purchases weighed on soybeans, while soybean oil faced additional pressure from competition among biofuel feedstocks; corn also closed lower.

- Date: 2026-11-09 · published 2026-11-09T03:05:30.719Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/88474-soybeans-posted-their-biggest-drop-in-chicago-on-friday
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Expected abundant US supplies and uncertain Chinese buying weigh on soybean demand expectations, while competition from other biofuel feedstocks reduces support for soybean oil. These factors point to lower prices for soybeans, soybean meal, soybean oil and corn.

## Read by commodity

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

## Sources

- eleconomista.com.mx: https://www.eleconomista.com.mx/mercados/soya-registro-mayor-caida-chicago-viernes-20261108-842813.html

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