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In its November WASDE report, released November 10, the USDA raised its 2026-27 forecast for Brazilian soybean oil exports to 1.9 million mt from 1.7 million mt. It also cut Brazil's ending stocks by 200,000 mt to 260,000 mt and Argentina's to 330,000 mt, and South American soybean oil FOB prices rose on November 11.
Tighter South American ending stocks and higher export demand support soybean oil prices, which in turn support soybean meal and the wider vegetable oil complex used in feed.
indexbox.ioNov 14, 2026After 297 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.
