# Soybeans Rally Despite Record Yield Forecast - ProAg

> The August USDA Crop Production report forecast a record US soybean yield of 53.3 bushels per acre and a crop of 4.425 billion bushels. Soybean futures still rose more than 30 cents for the week, supported by strong Chinese demand and doubts about production levels. FSA acreage data came in well below projected plantings, leaving final acreage uncertain.

- Date: 2020-08-18 · published 2020-08-18T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/11343-soybeans-rally-despite-record-yield-forecast-proag
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A larger crop is bearish on its own, but strong Chinese buying and questions about acreage outweighed it and lifted prices. Buyers should watch the September FSA update for clarity on final supply.

## Read by commodity

- SBM: neutral
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-10-12 | [October WASDE: Soybeans rally on big yield cuts](https://feedsoft.ai/events/39105-october-wasde-soybeans-rally-on-big-yield-cuts.md) | -0.3% | +4.9% |
| SOY | 2025-01-10 | [Soybeans Post Rally on USDA Data Day](https://feedsoft.ai/events/8105-soybeans-post-rally-on-usda-data-day.md) | +2.7% | +5.8% |
| SOY | 2020-08-21 | [Pro Farmer Estimates National Corn and Soybeans Yields Below USDA Forecasts](https://feedsoft.ai/events/51456-pro-farmer-estimates-national-corn-and-soybeans-yields-below-usda-forecasts.md) | +3.8% | +15.6% |
| 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 | 2019-09-12 | [USDA Lowers Corn, Soybean Production and Yield - ProAg](https://feedsoft.ai/events/9896-usda-lowers-corn-soybean-production-and-yield-proag.md) | +4.1% | +8.2% |
| SBM | 2026-08-27 | [Record Soybean Crop Forecast Meets Firm Demand Outlook \| CZ app](https://feedsoft.ai/events/10973-record-soybean-crop-forecast-meets-firm-demand-outlook-cz-app.md) | +3.4% | +12.0% |
| SBM | 2018-07-30 | [U.S. Soybeans Setting Pods at Record Pace](https://feedsoft.ai/events/63871-u-s-soybeans-setting-pods-at-record-pace.md) | -0.1% | -6.0% |
| SBM | 2026-10-25 | [US Chicken Production Hits Record in 2026 Despite Export Lag](https://feedsoft.ai/events/606-us-chicken-production-hits-record-in-2026-despite-export-lag.md) | -5.0% | — |

## Sources

- proag.com: https://www.proag.com/news/soybeans-rally-despite-record-yield-forecast/

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