The USDA May 2026 report forecasts record global oilseed meal trade of 119 million tons in 2026/27, up 6%. Global oilseed production is seen at a record 718 million tons, with higher soybean, sunflowerseed and rapeseed output.
Record supply and meal trade growth point to ample meal availability and softer meal prices, though strong vegetable oil demand supports crush.
After 399 past bearish report events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% over 20.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.