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January soybean futures on the Chicago Board of Trade rose $14.6 per tonne to close at $451.21 after the USDA's monthly report. The USDA raised its US soybean crop estimate to 124.48 million tonnes, below the 125.11 million expected by private analysts, and cut US ending stocks to 8.17 million tonnes.
A tighter US supply and stocks outlook, with rising crush and export demand, lifts soybean and meal prices. The gain is one of the largest daily moves of the year, so it strengthens the price link to any new weather or trade news.
palabradecampo.comRedaccion RosarioNov 11, 2026After 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% over 20.
After 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% 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.
