
USDA’s November 2026 WASDE projects 2026/27 global oilseed production at a record 721.9 million tonnes, including record soybean crops in Brazil and the United States. Vegetable oil output is forecast to rise 1% to 243.2 million tonnes, while consumption grows 2.8% to 237.4 million tonnes, lowering ending stocks to 29.7 million tonnes and the stocks-to-use ratio to 12.5%.
Oilseed abundance supports soybean supply, but vegetable oil demand is growing faster than production and stocks are tightening, potentially supporting vegetable oil prices. The global balance may therefore diverge between ample oilseed availability and a tighter oils market.
After 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% 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.