The November WASDE raised Brazil's 2026-27 soybean oil export forecast to 1.9 million tonnes and cut Brazilian ending stocks to 260,000 tonnes. Argentine ending stocks were lowered to 330,000 tonnes, and combined Argentine and Brazilian stocks fell 270,000 tonnes to 590,000 tonnes.
Tighter South American soybean oil stocks with higher export demand support prices, and South American FOB prices rose as Chicago soybean oil futures gained.
After 297 past bullish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), and -0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.