# Soybeans close higher in Chicago as oil and meal gain

> CBOT January soybeans rose 0.22% to US$12.30 per bushel, supported by gains in soybean oil and meal. December soybean oil gained US$24.47 to US$1,408.29 per tonne and meal rose US$3.53 to US$363.43 per tonne. Traders noted that expectations of a record US crop and ongoing Chinese purchases limited further gains.

- Date: 2026-11-11 · published 2026-11-12T01:35:23.852Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/94677-soybeans-close-higher-in-chicago-as-oil-and-meal-gain
- 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

Higher oil and meal prices support soybean values, but a record US harvest and rising supply in the commercial market cap the upside. Feed buyers should expect meal costs to stay firm while crush margins remain supportive.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- SOY: bullish ▲

## Sources

- cnnbrasil.com.br: https://www.cnnbrasil.com.br/agro/soja-fecha-em-alta-em-chicago-com-valorizacao-do-oleo-e-do-farelo/

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