# USDA numbers support soybeans - Brownfield Ag News

> Soybeans, meal and oil rose after USDA confirmed record 2016 US soybean production and yield, both below pre-report estimates. Quarterly and ending stocks came in lower than expected, and USDA cut Brazil's soybean crop outlook to 104 million tons.

- Date: 2017-01-12 · published 2017-01-12T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/11023-usda-numbers-support-soybeans-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Tighter US stocks and a smaller-than-expected crop support soybean meal and oil prices, which matter for feed formulation costs.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-02-08 | [Soybeans, corn, wheat up ahead of USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/8600-soybeans-corn-wheat-up-ahead-of-usda-numbers-brownfield-ag-news.md) | +0.2% | -3.0% |
| SOY | 2021-01-12 | [USDA numbers send corn, soybeans, wheat higher - Brownfield Ag News](https://feedsoft.ai/events/49092-usda-numbers-send-corn-soybeans-wheat-higher-brownfield-ag-news.md) | +0.8% | +2.0% |
| SOY | 2023-04-11 | [Soybeans up, corn, wheat down after USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/36347-soybeans-up-corn-wheat-down-after-usda-numbers-brownfield-ag-news.md) | +2.0% | -1.2% |
| SOY | 2019-09-30 | [Corn, soybeans up on USDA numbers, weekend weather - Brownfield Ag News](https://feedsoft.ai/events/57014-corn-soybeans-up-on-usda-numbers-weekend-weather-brownfield-ag-news.md) | +3.8% | +4.2% |
| SOY | 2022-10-12 | [Soybeans mostly up, wheat down after USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/5090-soybeans-mostly-up-wheat-down-after-usda-numbers-brownfield-ag-news.md) | -0.3% | +4.9% |
| SBM | 2017-02-08 | [Soybeans, corn, wheat up ahead of USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/8600-soybeans-corn-wheat-up-ahead-of-usda-numbers-brownfield-ag-news.md) | +1.1% | -2.8% |
| SBM | 2021-01-12 | [USDA numbers send corn, soybeans, wheat higher - Brownfield Ag News](https://feedsoft.ai/events/49092-usda-numbers-send-corn-soybeans-wheat-higher-brownfield-ag-news.md) | +2.5% | -1.5% |
| SBM | 2023-04-11 | [Soybeans up, corn, wheat down after USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/36347-soybeans-up-corn-wheat-down-after-usda-numbers-brownfield-ag-news.md) | +3.1% | -5.6% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/solid-demand-supports-soybeans-3/
- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/usda-numbers-support-soybeans-5/

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