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USDA raised its U.S. soybean yield estimate to 53.3 bushels per acre and production to 4.574 billion bushels, but cut projected ending stocks by 15 million bushels to 300 million. The agency increased its export forecast by 25 million bushels; soybean futures and cash prices rose, while USDA also reported a 150,000-tonne private sale to Mexico for 2026/27.
The larger export outlook tightened projected U.S. carryout despite higher production, lending support to soybean prices. Stronger soybean values also lifted meal and oil futures.
barchart.comAustin SchroederNov 10, 2026After 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% over 20.
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.
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.
