# USDA raises Brazil soybean oil exports, cuts regional stocks

> 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.

- Date: 2026-11-14 · published 2026-11-15T00:08:36.608Z
- Category: report · region South America · magnitude medium
- Page: https://feedsoft.ai/events/100163-usda-raises-brazil-soybean-oil-exports-cuts-regional-stocks
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Tighter South American soybean oil stocks with higher export demand support prices, and South American FOB prices rose as Chicago soybean oil futures gained.

## Read by commodity

- SBO: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2025-04-11 | [Brazil's rising biodiesel demand restricts soybean oil exports](https://feedsoft.ai/events/25204-brazil-s-rising-biodiesel-demand-restricts-soybean-oil-exports.md) | +2.3% | +4.3% |
| SBO | 2022-04-08 | [USDA Raises Soybean Exports Estimate, but Gro Predicts Demand Will Increase Further](https://feedsoft.ai/events/41878-usda-raises-soybean-exports-estimate-but-gro-predicts-demand-will-increase.md) | -0.1% | +1.9% |
| SBO | 2020-01-05 | [Soybean Meal Exports – LACO Commodity Research](https://feedsoft.ai/events/55168-soybean-meal-exports-laco-commodity-research.md) | -2.1% | -13.0% |
| SBO | 2025-05-15 | [USDA forecasts lower US soybean stocks, record crush for 2025/26 \| Feed & Grain](https://feedsoft.ai/events/24760-usda-forecasts-lower-us-soybean-stocks-record-crush-for-2025-26-feed-and-grain.md) | -0.8% | -4.5% |
| SBO | 2025-12-24 | [Argentina soybean oil and meal exports will decline](https://feedsoft.ai/events/13821-argentina-soybean-oil-and-meal-exports-will-decline.md) | -0.2% | +5.0% |

## Sources

- worldports.org: https://www.worldports.org/usda-raises-brazil-soybean-oil-exports-cuts-regional-stocks/

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