# Soybeans surge sharply after USDA report

> U.S. soybean futures rose 3.4% in the previous session and topped $12.10 per bushel after USDA cut its U.S. production estimate by 23 million bushels below market expectations and reduced its ending-stocks forecast by 15 million bushels. Weak Chinese import demand, amid high inventories and poor crushing margins, limited the gains; USDA raised its 2025/26 Chinese import estimate and left South American production forecasts unchanged.

- Date: 2026-11-11 · published 2026-11-11T12:23:27.454Z
- Category: report · region United States · magnitude medium
- Page: https://feedsoft.ai/events/93609-soybeans-surge-sharply-after-usda-report
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Lower U.S. production and ending stocks tighten the expected supply balance and support soybean prices. Weak Chinese buying is a counterweight that could curb export demand and limit further gains.

## Read by commodity

- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-04-10 | [Soybeans rally on USDA report, exports](https://feedsoft.ai/events/65483-soybeans-rally-on-usda-report-exports.md) | -0.5% | -4.3% |
| SOY | 2019-08-12 | [Corn futures fall 6% after bearish USDA crop report; soybeans down 1.3%](https://feedsoft.ai/events/11736-corn-futures-fall-6-after-bearish-usda-crop-report-soybeans-down-1-3.md) | -0.7% | -3.3% |
| SOY | 2017-01-01 | [USDA Reports Provide Support to Soybean Prices](https://feedsoft.ai/events/72939-usda-reports-provide-support-to-soybean-prices.md) | 0.0% | +2.8% |
| SOY | 2017-07-20 | [USDA exports – Sales surge for corn, soybeans and wheat](https://feedsoft.ai/events/69823-usda-exports-sales-surge-for-corn-soybeans-and-wheat.md) | -1.1% | -7.8% |
| SOY | 2018-03-30 | [The soybean market is shocked by the USDA report](https://feedsoft.ai/events/66080-the-soybean-market-is-shocked-by-the-usda-report.md) | -1.1% | +0.0% |

## Sources

- ekonomim.com: https://www.ekonomim.com/emtia/usda-raporu-sonrasi-soya-fasulyesinde-sert-yukselis-haberi-930526

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