USDA experts have adjusted forecasts for world production of oils and meals

After 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% over 20.

• Jun 12, 2019USDA forecast for world soybean meal production reduced — Latifundist.com+2.4%
• Nov 11, 2019USDA Forecasts Production Declines for Minnesota | Red River Farm Network+0.7%
• Mar 20, 2023USDA lowers global oilseed production forecast due to plunging…-4.3%
• Dec 20, 2022USDA lowers 2022/23 global oilseed production forecast by 1M tonnes+0.5%
• May 13, 2020USDA Projects Rise in World Oilseed Production, Expects Higher Consumption, Reduces Ending Stock Estimates-1.4%

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.

• Jun 12, 2019USDA forecast for world soybean meal production reduced — Latifundist.com+4.1%
• Apr 12, 2024USDA increased the estimate of world production of vegetable oils-4.6%
• May 14, 2026USDA forecasts sharp growth in global oilseed production in MY 2026/27 - AgriInsite+0.7%
• Feb 9, 2023USDA maintains forecast for soybean oil use in biofuel production | Biomass Magazine+1.5%
• Jul 12, 2023USDA maintains forecast for soybean oil use in biofuel production | Biomass Magazine-3.6%