# Oilseeds: Brazilian soymeal displaces Indian product

> Chicago soybean futures turned partly higher after the November WASDE trimmed US soybean forecasts less than the trade expected, with US soybean output rising only to 124.48 million mt versus 125.78 million expected. US ending stocks are estimated at 8.17 million mt, down from 8.58 million a year earlier, as exports run strong. Brazil's soybean planting is accelerating and EU supply is rising on increased export pressure from third countries.

- Date: 2026-11-12 · published 2026-11-12T19:37:27.150Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/96308-oilseeds-brazilian-soymeal-displaces-indian-product
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Tighter US stocks support soybean and meal prices, but Brazilian meal gaining share over Indian product shows export competition is capping premiums for buyers in Europe.

## Read by commodity

- SBM: neutral
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| 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 | 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) | +2.1% | +2.4% |
| 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% |
| SBM | 2024-06-12 | [USDA Projects Slightly Lower Brazilian Soybean Production](https://feedsoft.ai/events/29690-usda-projects-slightly-lower-brazilian-soybean-production.md) | +0.8% | +2.6% |
| SBM | 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) | -0.9% | -0.4% |
| SBM | 2024-09-30 | [Aquafeed.com \|
   

   
    Global fishmeal and fish oil production surges in 2024](https://feedsoft.ai/events/28383-aquafeed-com-global-fishmeal-and-fish-oil-production-surges-in-2024.md) | -2.5% | -10.5% |

## Sources

- mundus-agri.de: https://www.mundus-agri.de/nachrichten/oelsaaten-brasilianisches-sojaschrot-verdraengt-indische-ware.n38398.html

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