
The USDA November WASDE raised global oilseed production on larger US and Russian soybean crops and a larger Chinese rapeseed forecast. Global oilseed stocks were boosted, led by Argentina, the US and China, and the US season-average farm price rose 15 cents to $9.20 per bushel.
Higher global oilseed supplies and bigger stocks are bearish for soybean and meal prices, although higher soybean oil demand in India is supportive for oils.
After 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.
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 296 past bullish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), and -0.5% 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.