USDA forecasts sharp growth in global oilseed production in MY 2026/27

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.

• Dec 11, 2023USDA experts raised forecasts for global production of edible oils and meals-3.5%
• Apr 10, 2026USDA slightly raised its forecast for global oilseed production, so prices remain under pressure from increased supply+4.4%
• Aug 10, 2017USDA Forecasts Record-High Soybean Production in 2017-3.9%
• Aug 12, 2020India oilseed production forecast to rise+5.0%
• Aug 10, 2018Soybeans, Grains Plunge After USDA Raises Production Forecasts+0.2%

Not enough comparable past events yet for a historical read.

After 114 past neutral report events, Soybean Oil moved a median +0.1% over 5 sessions (52% higher; middle half -1.7% to +1.4%), and +0.5% over 20.

• Jan 14, 2025US soybean production drops, global oilseed crush rises in 2024/25 | Feed & Grain+1.4%
• Mar 12, 2024USDA experts have adjusted forecasts for world production of oils and meals+4.0%
• Jul 10, 2026July WASDE maintains 2026-’27 forecast for soybean oil use in biofuel production | Biodiesel Magazine+5.9%
• Jul 12, 2023USDA maintains forecast for soybean oil use in biofuel production | Biomass Magazine-3.6%
• Feb 9, 2023USDA maintains forecast for soybean oil use in biofuel production | Biomass Magazine+1.5%