# Walsh Daily Recap at Close 11/9

> January soybeans settled 5½ cents lower at $11.88¼, while December soybean meal rose $1.50 and soybean oil fell 23 points; the December crush margin widened about 6 cents to roughly $2.00. The recap noted expectations for USDA to raise its soybean yield estimate, a sharp reduction in managed-money net longs, and China’s extension of its US trade truce by two months.

- Date: 2026-11-09 · published 2026-11-10T18:06:10.395Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/92014-walsh-daily-recap-at-close-11-9
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

The possible larger US soybean crop and reduced speculative length are bearish signals for soybeans, while the wider crush margin reflects stronger meal relative to oil. China’s tariff truce may support US export demand, but the recap reports no new purchase commitment.

## Read by commodity

- SBM: bullish ▲
- SBO: bearish ▼
- SOY: bearish ▼

## Sources

- barchart.com: https://www.barchart.com/story/news/8740896/walsh-daily-recap-at-close-11-9

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