# CBOT soybeans firm for a second day after USDA cuts US supply outlook

> CBOT soybean futures rose for a second straight session after the USDA lowered its outlook for US soybean supply. The cut followed the agency's latest report, which pointed to tighter domestic availability.

- Date: 2026-11-11 · published 2026-11-12T03:05:34.570Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/94767-cbot-soybeans-firm-for-a-second-day-after-usda-cuts-us-supply-outlook
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A smaller US supply estimate reduces exportable soybeans and supports futures, which can lift soymeal and soyoil costs for feed buyers. Continued firmness suggests the report's supply cut is being priced in.

## Read by commodity

- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-10-12 | [Soybeans rally after USDA cuts U.S. harvest outlook \| Financial Post](https://feedsoft.ai/events/39163-soybeans-rally-after-usda-cuts-u-s-harvest-outlook-financial-post.md) | -0.3% | +4.9% |
| SOY | 2021-02-22 | [USDA supply outlook pushes soybeans to second session of gains - Markets - Business Recorder](https://feedsoft.ai/events/48687-usda-supply-outlook-pushes-soybeans-to-second-session-of-gains-markets-business.md) | +2.0% | +2.8% |
| SOY | 2026-05-21 | [USDA forecasts tighter soybean supplies](https://feedsoft.ai/events/19295-usda-forecasts-tighter-soybean-supplies.md) | -0.4% | -6.4% |
| SOY | 2022-11-09 | [GRAINS-Wheat Drops as USDA Raises Global Supply View; Corn, Soybeans Firm](https://feedsoft.ai/events/38644-grains-wheat-drops-as-usda-raises-global-supply-view-corn-soybeans-firm.md) | +0.9% | +1.9% |
| SOY | 2023-10-12 | [USDA Further Trims Its Forecasts for US Corn and Soybeans](https://feedsoft.ai/events/13238-usda-further-trims-its-forecasts-for-us-corn-and-soybeans.md) | +4.7% | +7.7% |

## Sources

- tradingview.com: https://www.tradingview.com/news/reuters.com,2026:newsml_L6N46S16M:0-cbot-soybeans-firm-for-a-second-day-after-usda-cuts-us-supply-outlook/

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