# Mysteel soybean and relatives market daily: The bullish USDA report has been priced in, and livestock farming losses are constraining the soybean meal rebound | Mysteel

> USDA raised US soybean production and yield to records, but by less than expected, and cut ending stocks to 300 million bushels on strong exports. CBOT soybeans rose 39.75 cents to 1,226.75 cents/bu, the largest one-day gain in four months.

- Date: 2026-11-12 · published 2026-11-12T09:05:43.200Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/95213-mysteel-soybean-and-relatives-market-daily-the-bullish-usda-report-has-been
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Stronger export demand outweighed the production increase, tightening the balance sheet and lifting soybean prices. Weak livestock margins are limiting meal demand, which caps the rebound in soybean meal.

## Read by commodity

- SBM: bearish ▼
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-10-17 | [Report Reaction Shows Differing Corn and Soybean Market Conditions - farmdoc daily](https://feedsoft.ai/events/33645-report-reaction-shows-differing-corn-and-soybean-market-conditions-farmdoc-daily.md) | +0.0% | +6.4% |
| SOY | 2018-03-30 | [The soybean market is shocked by the USDA report](https://feedsoft.ai/events/66080-the-soybean-market-is-shocked-by-the-usda-report.md) | -1.1% | +0.0% |
| SOY | 2023-09-13 | [September WASDE: Ringing in 50 Years with Reduced Corn, Soybean Yields and Lower Livestock Production Expectations \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/34031-september-wasde-ringing-in-50-years-with-reduced-corn-soybean-yields-and-lower.md) | -1.2% | -4.5% |
| SOY | 2021-11-12 | [Farming News - ADM OSR market report. Oilseeds values surged following surprisingly bullish USDA report](https://feedsoft.ai/events/7051-farming-news-adm-osr-market-report-oilseeds-values-surged-following.md) | +4.4% | +4.6% |
| SOY | 2023-03-08 | [USDA Crop Production Report Out Today: Lower Soybean Ending Stocks and Higher Corn - Oklahoma Farm Report](https://feedsoft.ai/events/36821-usda-crop-production-report-out-today-lower-soybean-ending-stocks-and-higher.md) | -1.7% | -0.5% |
| SBM | 2026-06-19 | [Soybean meal and oil: global demand sustains market, but excess supply pressures prices in the second half of the year](https://feedsoft.ai/events/18880-soybean-meal-and-oil-global-demand-sustains-market-but-excess-supply-pressures.md) | +1.2% | +5.7% |
| SBM | 2024-08-14 | [Soybean and corn prices are sharply dropping in global markets, with the cause still unknown.](https://feedsoft.ai/events/12649-soybean-and-corn-prices-are-sharply-dropping-in-global-markets-with-the-cause.md) | +1.2% | +1.6% |
| SBM | 2026-05-19 | [SunSirs: Analysis of the Impact of the USDA Soybean Meal Supply and Demand Report](https://feedsoft.ai/events/19326-sunsirs-analysis-of-the-impact-of-the-usda-soybean-meal-supply-and-demand-report.md) | -1.1% | -11.7% |

## Sources

- mysteel.net: https://www.mysteel.net/analysis/5148595-mysteel-soybean-and-relatives-market-daily-the-bullish-usda-report-has-been-priced-in-and-livestock-farming-losses-are-constraining-the-soybean-meal-rebound

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