# Soybean Oil: USDA Report Bullish, Spot Prices Rebound

> The USDA’s November supply-and-demand report slightly raised U.S. soybean yield and production, but both estimates were below market expectations, supporting soybean oil prices. China’s first-grade soybean oil reference price in Rizhao rose 1.19% from the previous trading day; the article says high soybean arrivals and weak demand still leave prices vulnerable to a decline.

- Date: 2026-11-11 · published 2026-11-11T12:06:28.964Z
- Category: report · region China · magnitude low
- Page: https://feedsoft.ai/events/93381-soybean-oil-usda-report-bullish-spot-prices-rebound
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

The more supportive-than-expected U.S. report and firmer palm oil can lift soybean oil in the near term. Ample soybean arrivals and weak domestic demand in China may cap gains and leave prices exposed to renewed pressure.

## Read by commodity

- SBO: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2022-09-12 | [Soybeans and Meal Explode on Bullish Numbers From Sept. 12 USDA Reports](https://feedsoft.ai/events/39550-soybeans-and-meal-explode-on-bullish-numbers-from-sept-12-usda-reports.md) | +0.3% | -6.6% |
| SBO | 2023-11-14 | [CBOT Soybean Oil Rises, Argentina Forward Prices Up](https://feedsoft.ai/events/33254-cbot-soybean-oil-rises-argentina-forward-prices-up.md) | +2.6% | -1.2% |
| SBO | 2020-05-01 | [Soybean Crush Report - The Jacobsen](https://feedsoft.ai/events/53216-soybean-crush-report-the-jacobsen.md) | -1.1% | +4.4% |
| SBO | 2021-11-12 | [Farming News - ADM OSR market report. Oilseeds values surged following surprisingly bullish USDA report](https://feedsoft.ai/events/7051-farming-news-adm-osr-market-report-oilseeds-values-surged-following.md) | -0.4% | -5.6% |
| SBO | 2023-01-13 | [US soybean crop and oil prices rise after cuts in the 2022/23 MY crop estimate](https://feedsoft.ai/events/37865-us-soybean-crop-and-oil-prices-rise-after-cuts-in-the-2022-23-my-crop-estimate.md) | -1.6% | -9.4% |

## Sources

- oilcn.com: https://www.oilcn.com/article/2026/11/11_99490.html

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