NewsSignals AI analysis·Reuters·Nov 2, 2026

CBOT soybeans close lower on fund selling, weak oil prices

Grade Bbearish AI signal$SOYBEANS$WTI$BRENT

CBOT soybean futures fell to an approximately 11-week low on Monday as fund selling and an 8% plunge in crude oil prices pressured the market. January soybeans (SF27) dropped 17.5 cents to $12.16-3/4 per bushel, while December soybean meal also hit its lowest level since August 19; exporters separately sold 136,000 metric tons of US soybeans to China for 2026/27 delivery. Continued weakness in crude oil and fund selling could keep pressure on soybean futures despite the reported export demand.

Bullish strength: 25/100

Exporters sold 136,000 metric tons of US soybeans to China for 2026/27 delivery.

Bearish strength: 75/100

Soybean futures fell to their lowest level in approximately 11 weeks.
Fund selling pressured soybean prices.
Crude oil prices sank approximately 8%, weakening biofuel-related soybean demand prospects.
December soybean meal also reached its lowest level since August 19.
December soyoil declined 0.82 cent to 65.08 cents per pound.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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