# Soy Costs Surge on USDA Surprise: Brazil, You're Welcome to the Rally

> USDA's November WASDE report on November 10, 2026 cut projected U.S. soybean ending stocks to a four-year low of 300 million bushels, below expectations of up to 332 million. CBOT January soybeans rose 39.75 cents to $12.28 a bushel, and Paranaguá port prices in Brazil rebounded above R$160 per saca by November 11.

- Date: 2026-11-15 · published 2026-11-15T03:15:32.449Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/100606-soy-costs-surge-on-usda-surprise-brazil-you-re-welcome-to-the-rally
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A tighter U.S. stock outlook pulls global demand toward Brazilian supply, which lifts soybean and meal prices for feed buyers. Brazilian farmers who had been holding grain may sell into the rally, which could cap gains in the near term.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-06-30 | [Corn, soy extend rally after USDA acreage surprise \| Financial Post](https://feedsoft.ai/events/46087-corn-soy-extend-rally-after-usda-acreage-surprise-financial-post.md) | +2.0% | +5.3% |
| SOY | 2018-01-01 | [USDA Reports Provide Some Surprises](https://feedsoft.ai/events/66854-usda-reports-provide-some-surprises.md) | +0.7% | +5.1% |
| SOY | 2018-04-10 | [Soybeans rally on USDA report, exports](https://feedsoft.ai/events/65483-soybeans-rally-on-usda-report-exports.md) | -0.5% | -4.3% |
| SOY | 2024-03-08 | [USDA Cuts Brazil Soy Production 1 MMT](https://feedsoft.ai/events/31135-usda-cuts-brazil-soy-production-1-mmt.md) | +2.1% | +2.4% |
| SOY | 2025-01-10 | [Soybeans Post Rally on USDA Data Day](https://feedsoft.ai/events/8105-soybeans-post-rally-on-usda-data-day.md) | +2.7% | +5.8% |
| SBM | 2021-06-30 | [Corn, soy extend rally after USDA acreage surprise \| Financial Post](https://feedsoft.ai/events/46087-corn-soy-extend-rally-after-usda-acreage-surprise-financial-post.md) | +1.8% | +2.3% |
| SBM | 2024-03-08 | [USDA Cuts Brazil Soy Production 1 MMT](https://feedsoft.ai/events/31135-usda-cuts-brazil-soy-production-1-mmt.md) | -1.4% | -3.2% |
| SBM | 2020-12-10 | [CBOT weekly outlook: Some surprises in USDA's WASDE - AgCanada](https://feedsoft.ai/events/49579-cbot-weekly-outlook-some-surprises-in-usda-s-wasde-agcanada.md) | +2.6% | +15.1% |

## Sources

- brznews.com: https://brznews.com/article/agro-soy-costs-surge-on-usda-surprise-brazil-your-welcome-to-the-rally

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