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Chicago soybeans rose $14.61 per tonne to $451.21 after the USDA's November WASDE raised the US crop estimate to 124.48 million tonnes but cut end-season stocks to 8.17 million tonnes, below trade expectations. Soybean oil and meal also gained, supported by expected higher exports to China.
Lower-than-expected US ending stocks tighten the soybean supply outlook, supporting soybean meal and oil prices that feed buyers pay for protein and fat ingredients.
posicionamiento-web.arCristian PirisNov 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.
After 296 past bullish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), and -0.5% 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.
