
The most-traded CBOT soybean contract rose 13.5 cents to $12.32 1/2 per bushel, reaching its highest level since October 30. The move followed the USDA's November report, which lowered its 2026/27 soybean ending stocks forecast when analysts had expected an increase.
Corn and wheat futures also rose.
Lower US ending stocks tighten the supply outlook for soybeans, corn and wheat, supporting prices for soybean meal and other feed ingredients. Buyers face higher costs as the market adjusts to the tighter balance.
Not enough comparable past events yet for a historical read.
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.