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In its November outlook for 2026/27, the USDA lowered its forecast for global oilseed production by 0.3 million tonnes to 721.9 million tonnes. The soybean production forecast fell by 0.2 million tonnes to 442.5 million tonnes, while global oilseed processing was raised and ending stocks were cut.
Lower projected soybean production and oilseed stocks tighten the supply outlook and support soybean prices. Higher processing could increase soybean product availability, tempering some of the price support for meal and oil.
graintrade.com.uaNov 11, 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.
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.
