# Market analyst cites good demand for soybean strength - Brownfield Ag News

> The United Soybean Board's market intelligence vice-president attributed soybean strength to storm damage and robust global demand. He cited a USDA upward revision of 75 million bushels to US export pace, bringing expected new-crop exports to just over 2.1 billion bushels. That would be the highest since the 2017/18 marketing year.

- Date: 2020-08-13 · published 2020-08-13T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/10684-market-analyst-cites-good-demand-for-soybean-strength-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Higher projected export demand tightens the US soybean balance sheet and supports prices into the new crop year.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBM | 2020-08-16 | 1 | +3.0% | 3.4 | Analyst attributes soybean strength to storm damage and robust export demand, with higher USDA export estimates, which are bullish for the complex including meal. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-10-05 | [Good week for corn, soybean export sales - Brownfield Ag News](https://feedsoft.ai/events/68550-good-week-for-corn-soybean-export-sales-brownfield-ag-news.md) | +0.7% | +2.4% |
| SOY | 2016-10-27 | [Demand supports soybeans, corn - Brownfield Ag News](https://feedsoft.ai/events/9242-demand-supports-soybeans-corn-brownfield-ag-news.md) | -3.3% | +3.6% |
| SOY | 2017-09-22 | [Solid demand supports soybeans, corn - Brownfield Ag News](https://feedsoft.ai/events/68987-solid-demand-supports-soybeans-corn-brownfield-ag-news.md) | -1.2% | +1.6% |
| SOY | 2018-05-22 | [Dry weather and better trade news strengthen soybeans, grains - Brownfield Ag News](https://feedsoft.ai/events/10840-dry-weather-and-better-trade-news-strengthen-soybeans-grains-brownfield-ag-news.md) | +0.5% | -13.3% |
| SOY | 2016-06-17 | [Weather, demand support soybeans, corn - Brownfield Ag News](https://feedsoft.ai/events/10753-weather-demand-support-soybeans-corn-brownfield-ag-news.md) | -0.9% | -5.5% |
| SBM | 2017-09-22 | [Solid demand supports soybeans, corn - Brownfield Ag News](https://feedsoft.ai/events/68987-solid-demand-supports-soybeans-corn-brownfield-ag-news.md) | -0.7% | +4.0% |
| SBM | 2016-06-17 | [Weather, demand support soybeans, corn - Brownfield Ag News](https://feedsoft.ai/events/10753-weather-demand-support-soybeans-corn-brownfield-ag-news.md) | -3.6% | -7.1% |
| SBM | 2024-06-13 | [Chinese demand boosts soybean price outlook - Brownfield Ag News](https://feedsoft.ai/events/29786-chinese-demand-boosts-soybean-price-outlook-brownfield-ag-news.md) | -0.9% | +0.3% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/market-analyst-cites-good-demand-for-soybean-strength/

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