# USDA cuts global oilseed production forecast

> USDA's November report lowered its 2026/27 global oilseed production forecast by 0.3 million tonnes to 721.9 million tonnes. The cut reflects weaker soybean prospects in Ukraine and other countries and lower sunflower output in Russia and Argentina, partly offset by higher US soybean and record rapeseed output.

- Date: 2026-11-12 · published 2026-11-12T12:06:54.373Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/95362-usda-cuts-global-oilseed-production-forecast
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md)

## Why it matters

A smaller global oilseed supply, combined with higher US soybean output and lower US ending stocks, tightens the balance for meal and oil. Crushing and trade are still projected to rise, so the price impact is modest and supportive for soybean complex prices.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- SOY: bullish ▲
- SUNMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-03-20 | [USDA lowers global oilseed production forecast due to plunging…](https://feedsoft.ai/events/36974-usda-lowers-global-oilseed-production-forecast-due-to-plunging.md) | -3.3% | +2.7% |
| SOY | 2025-11-17 | [USDA lowers global oilseed production forecast, including soybeans, but quotes are falling](https://feedsoft.ai/events/22064-usda-lowers-global-oilseed-production-forecast-including-soybeans-but-quotes.md) | +1.1% | -3.7% |
| SOY | 2025-08-13 | [Global oilseeds production forecast lowered on multiple crop declines \| Feed & Grain](https://feedsoft.ai/events/23433-global-oilseeds-production-forecast-lowered-on-multiple-crop-declines-feed-and.md) | +0.1% | -0.6% |
| SOY | 2025-01-14 | [US soybean production drops, global oilseed crush rises in 2024/25 \| Feed & Grain](https://feedsoft.ai/events/26590-us-soybean-production-drops-global-oilseed-crush-rises-in-2024-25-feed-and-grain.md) | +2.5% | +0.2% |
| SOY | 2024-03-08 | [USDA Cuts Brazil Soy Production 1 MMT](https://feedsoft.ai/events/31135-usda-cuts-brazil-soy-production-1-mmt.md) | +2.1% | +2.4% |
| SBM | 2023-03-20 | [USDA lowers global oilseed production forecast due to plunging…](https://feedsoft.ai/events/36974-usda-lowers-global-oilseed-production-forecast-due-to-plunging.md) | -4.3% | -1.0% |
| SBM | 2022-12-20 | [USDA lowers 2022/23 global oilseed production forecast by 1M tonnes](https://feedsoft.ai/events/38366-usda-lowers-2022-23-global-oilseed-production-forecast-by-1m-tonnes.md) | +0.5% | +7.4% |
| SBM | 2025-08-13 | [Global oilseeds production forecast lowered on multiple crop declines \| Feed & Grain](https://feedsoft.ai/events/23433-global-oilseeds-production-forecast-lowered-on-multiple-crop-declines-feed-and.md) | +3.1% | +4.2% |

## Sources

- agriinsite.com: https://agriinsite.com/usda-cuts-global-oilseed-production-forecast/

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