# Mysteel soybean and relatives market daily: Unexpected downward revision to US soybean stocks ignites rally; soybean meal futures and spot prices raised sharply

> The USDA raised U.S. soybean production and yield estimates to records, but by less than expected, and lowered ending stocks to 300 million bushels from a market expectation of 331 million. Strong exports drove the stock reduction, and CBOT soybeans rose 39.75 cents to 1,226.75 cents per bushel, while soybean meal futures and spot prices also increased sharply.

- Date: 2026-11-11 · published 2026-11-11T06:05:40.145Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/92978-mysteel-soybean-and-relatives-market-daily-unexpected-downward-revision-to-us
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

The lower-than-expected ending-stocks estimate signals tighter U.S. availability despite record production, supporting soybean and meal prices. The unexpectedly strong export demand adds to that price support.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-09-30 | [Grain markets react to unexpected USDA stocks data](https://feedsoft.ai/events/9840-grain-markets-react-to-unexpected-usda-stocks-data.md) | +0.7% | +5.6% |
| SOY | 2023-06-30 | [Soybean Futures Soar on Sharp Drop in Planted Acres, Lower Stocks](https://feedsoft.ai/events/35542-soybean-futures-soar-on-sharp-drop-in-planted-acres-lower-stocks.md) | +0.2% | +0.3% |
| SOY | 2026-03-31 | [CBOT soybean futures rally as planting estimate falls short of expectations \| MarketScreener](https://feedsoft.ai/events/20193-cbot-soybean-futures-rally-as-planting-estimate-falls-short-of-expectations.md) | -0.1% | +1.1% |
| SOY | 2023-02-01 | [Drought in Argentina creates tighter stocks in soybean and corn market: WASDE - RealAgriculture](https://feedsoft.ai/events/13986-drought-in-argentina-creates-tighter-stocks-in-soybean-and-corn-market-wasde.md) | -1.5% | -2.2% |
| SOY | 2017-10-16 | [Soybean demand sparks market rally](https://feedsoft.ai/events/68490-soybean-demand-sparks-market-rally.md) | -2.1% | -2.3% |
| SBM | 2023-06-30 | [Soybean Futures Soar on Sharp Drop in Planted Acres, Lower Stocks](https://feedsoft.ai/events/35542-soybean-futures-soar-on-sharp-drop-in-planted-acres-lower-stocks.md) | +1.6% | +11.9% |
| SBM | 2025-01-19 | [July Soybean Meal Futures Price range Projection – LACO Commodity Research](https://feedsoft.ai/events/26588-july-soybean-meal-futures-price-range-projection-laco-commodity-research.md) | +1.9% | -0.8% |
| SBM | 2017-10-16 | [Soybean demand sparks market rally](https://feedsoft.ai/events/68490-soybean-demand-sparks-market-rally.md) | -2.3% | -3.1% |

## Sources

- mysteel.net: https://www.mysteel.net/analysis/5148353-mysteel-soybean-and-relatives-market-daily-unexpected-downward-revision-to-us-soybean-stocks-ignites-rally-soybean-meal-futures-and-spot-prices-raised-sharply

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