
USDA's November world oilseed balance cut 2025/26 global oilseed production by 3.54 million tonnes to 688 million tonnes. Soybean output was reduced by 4.1 million tonnes on lower US, Ukrainian and Indian crops, while rapeseed output rose.
A smaller soybean crop tightens supply and supports soybean and meal prices, though falling quotes show the market is weighing other bearish factors. Lower soybean stocks point to firmer oilseed fundamentals.
After 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% 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.