# USDA report's bullish gains realized; livestock losses cap soymeal rebound

> CBOT soybean futures rose 39.75 cents to 1,226.75 cents/bushel, the biggest one-day gain in four months, after USDA raised production and yield but cut ending stocks to 300 million bushels on strong exports. Domestic coastal soymeal spot prices slipped 10-20 yuan/t, and crushers' soymeal inventories were about 1.35 million tonnes, above the same period of previous years.

- Date: 2026-11-12 · published 2026-11-12T06:05:46.298Z
- Category: report · region China · magnitude medium
- Page: https://feedsoft.ai/events/94946-usda-report-s-bullish-gains-realized-livestock-losses-cap-soymeal-rebound
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Heavy domestic meal stocks and deep livestock losses that reduce feed purchases outweigh the US supply tightening for Chinese meal prices. Soybeans gain on the US balance sheet, while soymeal faces downside pressure from local supply.

## Read by commodity

- SBM: bearish ▼
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-01-12 | [Grain prices soar on bullish USDA reports](https://feedsoft.ai/events/49089-grain-prices-soar-on-bullish-usda-reports.md) | +0.8% | +2.0% |
| SOY | 2022-09-12 | [Soybeans and Meal Explode on Bullish Numbers From Sept. 12 USDA Reports](https://feedsoft.ai/events/39550-soybeans-and-meal-explode-on-bullish-numbers-from-sept-12-usda-reports.md) | -2.7% | -8.2% |
| SOY | 2023-10-13 | [What Was So Bullish About the October USDA Reports? - AgWeb](https://feedsoft.ai/events/33586-what-was-so-bullish-about-the-october-usda-reports-agweb.md) | +2.0% | +2.9% |
| SOY | 2023-10-13 | [Soybeans Soar on USDA WASDE Bullish Yield and Stocks Data, Grains Follow](https://feedsoft.ai/events/33585-soybeans-soar-on-usda-wasde-bullish-yield-and-stocks-data-grains-follow.md) | +2.0% | +2.9% |
| SOY | 2024-09-30 | [USDA Releases Sept. 1 Grain Stocks, Small Grains Summary Reports](https://feedsoft.ai/events/28259-usda-releases-sept-1-grain-stocks-small-grains-summary-reports.md) | -2.6% | -7.3% |
| SBM | 2022-03-31 | [USDA Report Bullish for Corn, Bearish for Soybeans](https://feedsoft.ai/events/42296-usda-report-bullish-for-corn-bearish-for-soybeans.md) | -2.3% | -6.5% |
| SBM | 2017-03-09 | [USDA Report: Soybeans get a bearish surprise](https://feedsoft.ai/events/71935-usda-report-soybeans-get-a-bearish-surprise.md) | +0.3% | -5.1% |
| SBM | 2020-08-12 | [CBOT weekly outlook: Bearish USDA report generates bullish reaction - Grainews](https://feedsoft.ai/events/51551-cbot-weekly-outlook-bearish-usda-report-generates-bullish-reaction-grainews.md) | +5.0% | +10.2% |

## Sources

- ncp.m.mysteel.com: https://ncp.m.mysteel.com/a/26111210/DCD3EB0DB203FFEE_abc.html

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