# Everbright Futures agricultural daily report, November 12

> CBOT soybeans and soymeal rose on Wednesday as the market digested the USDA report, which cut US 2026/27 ending soybean stocks to 300 million bushels. Malaysian palm oil rose on lower October output and lower November exports, while domestic hog prices rebounded on the futures side but spot demand stayed weak.

- Date: 2026-11-12 · published 2026-11-12T03:14:54.821Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/94869-everbright-futures-agricultural-daily-report-november-12
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

The lower US soybean stock forecast and firmer palm oil prices support higher soymeal and vegetable oil costs for feed buyers, while weak hog demand limits feed demand.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- PALMOIL: bullish ▲

## Sources

- finance.sina.com.cn: https://finance.sina.com.cn/money/future/fmnews/2026-11-12/doc-iniymsim1858175.shtml

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