
Terrain reports USDA expects US soybean supply to rise in 2026/27 on higher planted acres of 85.365 million, up from 81.215 million last year, with production forecast at 4.47 billion bushels. Biofuel feedstock use is ramping up and Chinese export demand plays a central role, with season-average prices seen at $11 to $12 per bushel.
Larger expected US supplies and seasonal harvest pressure point to rangebound-to-softer soybean prices, with Chinese buying pace and biofuel demand as the main swing factors.
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 296 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.