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Soybean futures rose after the November USDA WASDE lowered projected 2026/27 U.S. and global ending stocks more than traders expected, triggering short-covering. Strength in soybean oil and broader vegetable-oil markets added support, while weaker crude oil and macroeconomic uncertainty limited gains.
Lower projected stocks imply a tighter soybean supply outlook, supporting soybean prices; strength in vegetable oils also lends support to soybean oil. The price impact is tempered by competitive physical offers and pressure from lower crude oil.
commodity-board.comNov 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.
After 296 past bullish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), and -0.5% over 20.
After 149 past bullish report events, Palm Oil moved a median +0.5% over 5 sessions (57% higher; middle half -1.1% to +1.8%), 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.
