# Global soybean production rises but stocks decline — what is Korea's raw material purchasing calculus?

> Speakers at the 2026 U.S. soybean crop report event in Seoul said global soybean stocks-to-use is expected to fall even as production rises, since crush and other uses have exceeded output for two consecutive years. Global soymeal consumption for livestock feed is projected to rise 28% over the next decade, and Korea imported 0.86 million tonnes of crushing soybeans, 0.27 million tonnes of food soybeans, 0.49 million tonnes of soybean oil and 1.73 million tonnes of soymeal last year.

- Date: 2026-11-10 · published 2026-11-12T13:37:28.184Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/95610-global-soybean-production-rises-but-stocks-decline-what-is-korea-s-raw-material
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Tightening soybean stocks-to-use and rising soymeal demand support soymeal and soybean prices, so feed buyers face firmer raw material costs and should weigh digestibility and quality in sourcing.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-11-11 | [Global soybean market faces challenges amid oilseed production decline \| Feed & Grain](https://feedsoft.ai/events/27430-global-soybean-market-faces-challenges-amid-oilseed-production-decline-feed-and.md) | -1.8% | -2.6% |
| 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 | 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 | 2026-10-28 | [Processing Journal \| USDA Raises 2026-27 U.S. Soybean Production…](https://feedsoft.ai/events/80-processing-journal-usda-raises-2026-27-u-s-soybean-production.md) | -1.6% | — |
| SOY | 2022-03-09 | [Global bean, cotton, corn stocks cut, wheat increased - Pro Farmer](https://feedsoft.ai/events/42241-global-bean-cotton-corn-stocks-cut-wheat-increased-pro-farmer.md) | -2.7% | -4.3% |
| SBM | 2024-11-11 | [Global soybean market faces challenges amid oilseed production decline \| Feed & Grain](https://feedsoft.ai/events/27430-global-soybean-market-faces-challenges-amid-oilseed-production-decline-feed-and.md) | -1.9% | -4.2% |
| SBM | 2026-10-21 | [Soybean Oil Prices Decline Amid Rising US Production and Crushing Slowdown; Indian Demand Bolsters Sunflower Oil Market \| Tridge Insights](https://feedsoft.ai/events/504-soybean-oil-prices-decline-amid-rising-us-production-and-crushing-slowdown.md) | -3.1% | — |
| SBM | 2024-03-08 | [March WASDE: USDA Steps Down Brazil Soybean Production](https://feedsoft.ai/events/31129-march-wasde-usda-steps-down-brazil-soybean-production.md) | -1.4% | -3.2% |

## Sources

- foodicon.co.kr: https://www.foodicon.co.kr/news/articleView.html?idxno=36136

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