# March soybeans break $12 in Chicago, southern weather worries grow, and Brent plunges to $91

> Soybean and corn futures traded higher in Chicago, with March 2027 soybeans moving back above $12 per bushel amid international demand and technical support. The article reports that U.S. soybean and corn harvests were 92% and 81% complete, respectively, while excessive rain in southern Brazil raised concerns about the quality and yield of the 2026/27 crop; Brent crude fell to about $91 on expectations of an end to the U.S.-Iran war.

- Date: 2026-11-10 · published 2026-11-10T15:14:31.303Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/91959-march-soybeans-break-12-in-chicago-southern-weather-worries-grow-and-brent
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Strong demand and weather concerns in southern Brazil lend support to soybeans and corn, while advanced U.S. harvest progress adds available supply. Falling crude prices can reduce energy and biofuel-related support for vegetable oils and grains.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-03-08 | [Reaction to March WASDE Is Mild; Soybeans Rise on China Demand Changes](https://feedsoft.ai/events/31130-reaction-to-march-wasde-is-mild-soybeans-rise-on-china-demand-changes.md) | +2.1% | +2.4% |
| SOY | 2025-03-24 | [China’s soybean demand, crush projected to grow \| World Grain](https://feedsoft.ai/events/25571-china-s-soybean-demand-crush-projected-to-grow-world-grain.md) | +1.3% | +2.0% |
| SOY | 2026-03-23 | [China expected to import more soybeans in 2026-27 \| World Grain](https://feedsoft.ai/events/20146-china-expected-to-import-more-soybeans-in-2026-27-world-grain.md) | -0.2% | +0.4% |
| SOY | 2026-03-10 | [Soybeans up, corn and wheat down after quiet March WASDE report - Brownfield Ag News](https://feedsoft.ai/events/10386-soybeans-up-corn-and-wheat-down-after-quiet-march-wasde-report-brownfield-ag.md) | -2.1% | -1.9% |
| SOY | 2019-09-30 | [Corn, soybeans up on USDA numbers, weekend weather - Brownfield Ag News](https://feedsoft.ai/events/57014-corn-soybeans-up-on-usda-numbers-weekend-weather-brownfield-ag-news.md) | +3.8% | +4.2% |
| CORN | 2017-05-10 | [Corn up, soybeans down, back to watching planting weather - Brownfield Ag News](https://feedsoft.ai/events/71029-corn-up-soybeans-down-back-to-watching-planting-weather-brownfield-ag-news.md) | +0.3% | +2.4% |
| CORN | 2019-09-30 | [Corn, soybeans up on USDA numbers, weekend weather - Brownfield Ag News](https://feedsoft.ai/events/57014-corn-soybeans-up-on-usda-numbers-weekend-weather-brownfield-ag-news.md) | -0.9% | +1.1% |
| CORN | 2018-05-10 | [USDA predicts lower carryover for corn, wheat and soybeans \| World-grain.com \| May 10, 2018 19:23 \| World Grain](https://feedsoft.ai/events/64970-usda-predicts-lower-carryover-for-corn-wheat-and-soybeans-world-grain-com-may.md) | +0.5% | -2.5% |

## Sources

- agronews.tv.br: https://www.agronews.tv.br/soja-marco-rompe-us-12-em-chicago-clima-no-sul-preocupa-e-brent-afunda-a-us-91

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