# Increasing global production of oilseeds - Benison Media

> 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.

- Date: 2016-12-24 · published 2016-12-24T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/73614-increasing-global-production-of-oilseeds-benison-media
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

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.

## Read by commodity

- SBM: bearish ▼
- SBO: bullish ▲
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-06-29 | [In 2017 – 2018г. global production of oil meals will reach a new record](https://feedsoft.ai/events/70616-in-2017-2018-global-production-of-oil-meals-will-reach-a-new-record.md) | +7.3% | +8.8% |
| SOY | 2026-04-10 | [USDA slightly raised its forecast for global oilseed production, so prices remain under pressure from increased supply](https://feedsoft.ai/events/19842-usda-slightly-raised-its-forecast-for-global-oilseed-production-so-prices.md) | -0.1% | +1.0% |
| SOY | 2017-04-11 | [Global Soybean Production, Ending Stocks Raised](https://feedsoft.ai/events/71445-global-soybean-production-ending-stocks-raised.md) | +0.5% | +2.5% |
| SOY | 2020-06-15 | [The forecast increase in soybean production will increase pressure on oilseed prices in the new season](https://feedsoft.ai/events/52737-the-forecast-increase-in-soybean-production-will-increase-pressure-on-oilseed.md) | +0.6% | +0.6% |
| SOY | 2017-11-28 | [Factors Influencing Global Grain Production – Lakeview Grains, LLC](https://feedsoft.ai/events/67814-factors-influencing-global-grain-production-lakeview-grains-llc.md) | +0.3% | -3.7% |
| SBM | 2017-06-29 | [In 2017 – 2018г. global production of oil meals will reach a new record](https://feedsoft.ai/events/70616-in-2017-2018-global-production-of-oil-meals-will-reach-a-new-record.md) | +8.6% | +9.4% |
| SBM | 2020-08-12 | [India oilseed production forecast to rise](https://feedsoft.ai/events/51723-india-oilseed-production-forecast-to-rise.md) | +5.0% | +10.2% |
| SBM | 2018-05-07 | [USDA: Russia: Oilseeds and Products Annual - IKAR in Mass Media \| IKAR.ru](https://feedsoft.ai/events/65144-usda-russia-oilseeds-and-products-annual-ikar-in-mass-media-ikar-ru.md) | -3.0% | -6.5% |

## Sources

- benisonmedia.com: https://benisonmedia.com/increasing-global-production-of-oilseeds/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.