
The USDA's August 2026 WASDE projected record world soybean output of 442.25 million tonnes for 2026/27, up 12.79 million tonnes, led by US and Brazil. US soybean planted acreage was raised 1.4 million acres while yield was cut 0.2 bushels per acre.
A record global crop adds supply pressure, but strong export and crush demand is cushioning prices, so the net effect on feed meal and bean values is mixed.
After 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.
After 250 past neutral report events, Soybean Meal moved a median -0.1% over 5 sessions (49% higher; middle half -1.6% to +1.7%), and +0.4% 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.