NewsSignals AI analysis·Reuters·Nov 4, 2026

CBOT soybeans may drop into $11.88-1/4 to $11.91-3/4 range

Grade Bbearish AI signal

CBOT January soybeans (SF27) face further downside, with technical analysis pointing to a potential decline toward $11.88¼–$11.91¾ per bushel. The hourly chart shows a steady falling channel, while daily projections identify a deeper downside target of $11.73–$11.86¾; resistance stands at $12.06¾. Continued bearish momentum could push soybeans toward the projected support zones, although a break above $12.06¾ could open a recovery toward $12.12¼–$12.16¾.

Bullish strength: 20/100

A break above $12.06¾ could open a move toward $12.12¼–$12.16¾.
The broader uptrend from $9.95 remains relevant to the retracement analysis.

Bearish strength: 80/100

The hourly chart's falling channel points toward $11.88¼–$11.91¾.
Daily projection analysis identifies a deeper downside target of $11.73–$11.86¾.
The current steep decline indicates continued short-term bearish momentum.

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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