# Soybean prices rose sharply, although the USDA slightly lowered its forecast for global oilseed production.

> 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.

- Date: 2026-11-11 · published 2026-11-11T09:22:03.939Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/93350-soybean-prices-rose-sharply-although-the-usda-slightly-lowered-its-forecast-for
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

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.

## Read by commodity

- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-11-17 | [USDA lowers global oilseed production forecast, including soybeans, but quotes are falling](https://feedsoft.ai/events/22064-usda-lowers-global-oilseed-production-forecast-including-soybeans-but-quotes.md) | +1.1% | -3.7% |
| SOY | 2023-03-20 | [USDA lowers global oilseed production forecast due to plunging…](https://feedsoft.ai/events/36974-usda-lowers-global-oilseed-production-forecast-due-to-plunging.md) | -3.3% | +2.7% |
| SOY | 2025-08-13 | [Global oilseeds production forecast lowered on multiple crop declines \| Feed & Grain](https://feedsoft.ai/events/23433-global-oilseeds-production-forecast-lowered-on-multiple-crop-declines-feed-and.md) | +0.1% | -0.6% |
| SOY | 2025-01-14 | [US soybean production drops, global oilseed crush rises in 2024/25 \| Feed & Grain](https://feedsoft.ai/events/26590-us-soybean-production-drops-global-oilseed-crush-rises-in-2024-25-feed-and-grain.md) | +2.5% | +0.2% |
| SOY | 2024-01-12 | [USDA boosts forecast for 2023-’24 soybean oil use in biofuel production \| Biodiesel Magazine](https://feedsoft.ai/events/15246-usda-boosts-forecast-for-2023-24-soybean-oil-use-in-biofuel-production.md) | -1.5% | -3.9% |

## Sources

- graintrade.com.ua: https://graintrade.com.ua/en/novosti/kotiruvannya-na-soyu-rizko-virosli-hocha-usda-zovsim-neznachno-zniziv-prognoz-svitovogo-vi.html

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