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USDA's November WASDE projected a record US soybean production forecast. With higher use estimates, ending stocks fell by 15 million bushels from the previous month.
USDA also updated its global soybean production forecast.
Record output is partly offset by higher use, and the smaller carryout supports soybean prices. Global production changes will shape export demand for US beans.
iowaagribusinessradionetwork.comMark MagnusonNov 13, 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.
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.
