# Soybean balance sheet breakdown following November WASDE report

> 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.

- Date: 2026-11-13 · published 2026-11-14T00:14:09.439Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/98626-soybean-balance-sheet-breakdown-following-november-wasde-report
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

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.

## Read by commodity

- SBM: neutral
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-11-12 | [November WASDE Report Tightens Soybean Stocks](https://feedsoft.ai/events/12423-november-wasde-report-tightens-soybean-stocks.md) | +2.8% | +0.8% |
| SOY | 2018-10-11 | [WASDE report pushes corn, soybean futures higher - RealAgriculture](https://feedsoft.ai/events/62482-wasde-report-pushes-corn-soybean-futures-higher-realagriculture.md) | +3.9% | +1.8% |
| SOY | 2021-11-10 | [USDA November WASDE Reports Recap \| Feed & Grain](https://feedsoft.ai/events/44003-usda-november-wasde-reports-recap-feed-and-grain.md) | +4.3% | +5.1% |
| SOY | 2022-04-09 | [U.S. crop prices climb following April WASDE report - AgCanada](https://feedsoft.ai/events/41799-u-s-crop-prices-climb-following-april-wasde-report-agcanada.md) | +1.5% | -4.0% |
| SOY | 2026-03-10 | [Soybeans up, corn and wheat down after quiet March WASDE report - Brownfield Ag News](https://feedsoft.ai/events/10386-soybeans-up-corn-and-wheat-down-after-quiet-march-wasde-report-brownfield-ag.md) | -2.1% | -1.9% |
| SBM | 2020-07-13 | [July WASDE report has few surprises for soybeans](https://feedsoft.ai/events/52162-july-wasde-report-has-few-surprises-for-soybeans.md) | -1.5% | -3.7% |
| SBM | 2023-07-13 | [Bearish WASDE Report Impacting Corn, Soybeans, and Wheat](https://feedsoft.ai/events/34985-bearish-wasde-report-impacting-corn-soybeans-and-wheat.md) | +5.4% | +2.3% |
| SBM | 2016-12-12 | [USDA WASDE Report at a Glance](https://feedsoft.ai/events/73428-usda-wasde-report-at-a-glance.md) | -0.1% | -1.3% |

## Sources

- iowaagribusinessradionetwork.com: https://iowaagribusinessradionetwork.com/soybean-balance-sheet-breakdown-following-november-wasde-report/

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