# Soybeans Rallying on US Stocks Cut

> The USDA lowered its forecast for U.S. soybean ending stocks by 15 million bushels to 300 million, mainly reflecting a 25-million-bushel increase in projected exports, despite slightly higher production. Soybean futures rose 30–40 cents, while soybean meal and soybean oil futures also gained; the USDA also reported a 150,000-tonne private soybean sale to Mexico for 2026/27.

- Date: 2026-11-10 · published 2026-11-10T18:20:26.587Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/92133-soybeans-rallying-on-us-stocks-cut
- 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 projected exports tighten the U.S. balance sheet and support soybean prices, with gains also extending to meal and oil. The sale to Mexico adds evidence of export demand, although the stocks reduction is the main price driver.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-10-09 | [Soybeans rally on tight new crop ending stocks](https://feedsoft.ai/events/50665-soybeans-rally-on-tight-new-crop-ending-stocks.md) | +1.2% | +4.9% |
| SOY | 2025-01-10 | [Soybeans Post Rally on USDA Data Day](https://feedsoft.ai/events/8105-soybeans-post-rally-on-usda-data-day.md) | +2.7% | +5.8% |
| SOY | 2018-04-10 | [Soybeans rally on USDA report, exports](https://feedsoft.ai/events/65483-soybeans-rally-on-usda-report-exports.md) | -0.5% | -4.3% |
| SOY | 2022-10-12 | [October WASDE: Soybeans rally on big yield cuts](https://feedsoft.ai/events/39105-october-wasde-soybeans-rally-on-big-yield-cuts.md) | -0.3% | +4.9% |
| SOY | 2025-02-11 | [USDA Cuts World Corn, Soybean, Wheat Ending Stocks](https://feedsoft.ai/events/25989-usda-cuts-world-corn-soybean-wheat-ending-stocks.md) | -1.0% | -4.9% |
| SBM | 2020-10-09 | [Soybeans rally on tight new crop ending stocks](https://feedsoft.ai/events/50665-soybeans-rally-on-tight-new-crop-ending-stocks.md) | +3.6% | +8.0% |
| SBM | 2020-11-09 | [Is the US Out of Soybeans?](https://feedsoft.ai/events/50181-is-the-us-out-of-soybeans.md) | +1.5% | +1.1% |
| SBM | 2017-09-29 | [U.S. Corn, Soybean Stocks Drop, USDA Says](https://feedsoft.ai/events/68896-u-s-corn-soybean-stocks-drop-usda-says.md) | +2.0% | +1.7% |

## Sources

- barchart.com: https://www.barchart.com/story/news/8763384/soybeans-rallying-on-us-stocks-cut

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