# Oils and meals: dual reports bullish, November 15, 2026

> USDA's November supply and demand report raised the US soybean yield but cut ending stocks on strong export demand, and CBOT soybean prices rebounded. Chinese soybean imports are expected to stay high at about 9.5 million tonnes in November and 9.6 million in December, while Malaysian palm oil stocks at end-October fell to 3.62 million tonnes, below expectations.

- Date: 2026-11-15 · published 2026-11-15T07:36:49.993Z
- Category: report · region China · magnitude medium
- Page: https://feedsoft.ai/events/100962-oils-and-meals-dual-reports-bullish-november-15-2026
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Lower US ending stocks and a firmer CBOT complex support soybean meal, soybean oil and palm oil costs, but heavy Chinese crush and high inventories limit upside in meal and oil prices.

## Read by commodity

- SBM: neutral
- SBO: neutral
- SOY: bullish ▲
- CANMEAL: neutral
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2024-11-27 | [Grain Transportation Report, November 28, 2024](https://feedsoft.ai/events/27603-grain-transportation-report-november-28-2024.md) | -0.4% | +4.2% |
| SBM | 2026-03-10 | [March 2026 WASDE REPORT SUMMARY AND NOTES: - CIH](https://feedsoft.ai/events/20211-march-2026-wasde-report-summary-and-notes-cih.md) | +0.1% | -0.2% |
| SBM | 2021-09-09 | [Aquafeed.com \|
   

   
    IFFO reports higher cumulative fishmeal and fish oil production compared to 2020](https://feedsoft.ai/events/44987-aquafeed-com-iffo-reports-higher-cumulative-fishmeal-and-fish-oil-production.md) | +0.5% | -3.3% |
| SBM | 2025-09-25 | [September 2025 Hogs and Pigs Report: Here's What You Need to Know - Pork Business](https://feedsoft.ai/events/23030-september-2025-hogs-and-pigs-report-here-s-what-you-need-to-know-pork-business.md) | -2.4% | +5.8% |
| SBM | 2026-10-09 | [USDA Weekly Feedstuff Report: October 9, 2026 Market Data - News and Statistics - IndexBox](https://feedsoft.ai/events/565-usda-weekly-feedstuff-report-october-9-2026-market-data-news-and-statistics.md) | -0.5% | -8.0% |
| SBO | 2020-12-12 | [USDA Oilseeds as of Dec 2020 market report](https://feedsoft.ai/events/49747-usda-oilseeds-as-of-dec-2020-market-report.md) | +1.2% | +7.4% |
| SBO | 2026-07-01 | [USDA NASS Fats and Oils Report for May 2026: Soybean, Canola, and Animal Fat Trends - News and Statistics - IndexBox](https://feedsoft.ai/events/18471-usda-nass-fats-and-oils-report-for-may-2026-soybean-canola-and-animal-fat.md) | +4.4% | +2.3% |
| SBO | 2020-10-27 | [Statistics Canada Reports September Crush Data](https://feedsoft.ai/events/50616-statistics-canada-reports-september-crush-data.md) | -3.7% | +11.9% |

## Sources

- finance.sina.com.cn: https://finance.sina.com.cn/money/future/wemedia/2026-11-15/doc-iniyuyiy9688695.shtml

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