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US soybeans held firm after the November WASDE cut US and global 2026/27 ending stocks below expectations. CBoT January futures traded near 1,226 cents/bu, down about 0.4% from the prior settlement, while soybean oil stayed well above last week's levels.
Lower ending stocks tighten the soybean balance sheet, supporting crush margins and meal and oil prices. El Niño rains disrupting South American planting add a weather-risk premium that keeps prices supported.
commodity-board.comNov 12, 2026After 1,079 past bullish weather events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.0%), and +0.9% over 20.
After 184 past bullish weather events, Soybean Oil moved a median +0.3% over 5 sessions (53% higher; middle half -1.9% to +2.4%), and -0.5% over 20.
After 453 past bullish weather events, Soybean Meal moved a median +0.5% over 5 sessions (55% higher; middle half -1.6% to +2.7%), and +0.5% 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.
