# Demand for U.S. Soy Remains Strong Near Term - U.S. Soybean Export Council

> USDA's January report lowered US soybean ending stocks by 10 million bushels to 210 million and cut export projections by 55 million bushels to 2 billion. Market analyst Emily French said the market rallied 30 cents on the news while wheat fell 60 cents, and she flagged weakening demand signals.

- Date: 2023-01-17 · published 2023-01-17T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/10666-demand-for-u-s-soy-remains-strong-near-term-u-s-soybean-export-council
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Tighter US ending stocks support soybean and meal prices, but the analyst's warnings about softening demand and freight signals suggest the rally may not hold. Feed buyers face a mixed outlook.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- WHEAT: bearish ▼
- OCEANFRT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2016-11-16 | [Soybeans up for 2nd day on strong demand, U.S. crush data \| Reuters](https://feedsoft.ai/events/73886-soybeans-up-for-2nd-day-on-strong-demand-u-s-crush-data-reuters.md) | +4.1% | +3.5% |
| SOY | 2018-04-16 | [Demand for U.S. soy remains strong \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/65599-demand-for-u-s-soy-remains-strong-iowa-agribusiness-radio-network.md) | -2.4% | -5.6% |
| SOY | 2022-09-16 | [U.S. data dump reveals decent soybean, dull corn export demand](https://feedsoft.ai/events/14899-u-s-data-dump-reveals-decent-soybean-dull-corn-export-demand.md) | +0.4% | -3.8% |
| SOY | 2020-05-19 | [Soybean Demand Remains Uncertain - ProAg](https://feedsoft.ai/events/53221-soybean-demand-remains-uncertain-proag.md) | +0.2% | +2.6% |
| SOY | 2025-01-28 | [US grain transportation demand remains strong in Q4 \| Feed & Grain](https://feedsoft.ai/events/16483-us-grain-transportation-demand-remains-strong-in-q4-feed-and-grain.md) | +1.3% | -1.3% |
| SBM | 2016-11-16 | [Soybeans up for 2nd day on strong demand, U.S. crush data \| Reuters](https://feedsoft.ai/events/73886-soybeans-up-for-2nd-day-on-strong-demand-u-s-crush-data-reuters.md) | +4.8% | +0.3% |
| SBM | 2018-04-16 | [Demand for U.S. soy remains strong \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/65599-demand-for-u-s-soy-remains-strong-iowa-agribusiness-radio-network.md) | -2.3% | -0.0% |
| SBM | 2018-02-12 | [Aquaculture: A Growing Opportunity for U.S. Soy - U.S. Soybean Export Council](https://feedsoft.ai/events/66575-aquaculture-a-growing-opportunity-for-u-s-soy-u-s-soybean-export-council.md) | +8.6% | +7.6% |

## Sources

- ussec.org: https://ussec.org/news/demand-for-u-s-soy-remains-strong-near-term/

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