# USDA Lifts Brazil Soybean Oil Exports to 1.9M mt, Trims Brazil and Argentina Ending Stocks

> 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.

- Date: 2026-11-14 · published 2026-11-14T06:06:00.899Z
- Category: report · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/99005-usda-lifts-brazil-soybean-oil-exports-to-1-9m-mt-trims-brazil-and-argentina
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

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.

## Read by commodity

- SBO: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2025-12-24 | [Argentina soybean oil and meal exports will decline](https://feedsoft.ai/events/13821-argentina-soybean-oil-and-meal-exports-will-decline.md) | -0.2% | +5.0% |
| SBO | 2025-04-11 | [Brazil's rising biodiesel demand restricts soybean oil exports](https://feedsoft.ai/events/25204-brazil-s-rising-biodiesel-demand-restricts-soybean-oil-exports.md) | +2.3% | +4.3% |
| SBO | 2025-12-23 | [Argentina soyabean exports set to rise while products decline](https://feedsoft.ai/events/13820-argentina-soyabean-exports-set-to-rise-while-products-decline.md) | +0.3% | +4.9% |
| SBO | 2023-04-26 | [USDA forecasts strong global soyabean trade but lower meal and oil…](https://feedsoft.ai/events/36486-usda-forecasts-strong-global-soyabean-trade-but-lower-meal-and-oil.md) | -3.1% | -9.7% |
| SBO | 2021-04-21 | [Argentina soybean output lowered to 45m mt, 2021/22 at 51.5m mt - Fastmarkets](https://feedsoft.ai/events/47429-argentina-soybean-output-lowered-to-45m-mt-2021-22-at-51-5m-mt-fastmarkets.md) | +8.7% | +13.3% |

## Sources

- indexbox.io: https://www.indexbox.io/blog/usda-raises-brazil-soybean-oil-export-forecast-cuts-regional-stocks/

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