
The USDA Foreign Agricultural Service's monthly Oilseeds: World Markets and Trade report projects record 2025/26 global oilseed production of 692 million tonnes, up 2%, with oilseed meal output rising 3% to 400 million tonnes. Global oilseed trade is expected to grow 3%, driven by soybean exports, while sunflower oil prices are falling on record crops.
Record oilseed and meal output points to ample supply of protein meals for feed buyers, which is bearish for meal prices. Growing soybean trade partly offsets weakness in rapeseed exports.
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.
After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% over 20.
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.