# November WASDE Report Tightens Soybean Stocks

> USDA's November WASDE cut the US soybean yield from 51.9 to 50.7 bushels per acre and reduced 2020/21 supplies by 98 million bushels. Ending stocks fell 100 million bushels to 190 million, the lowest since 2013, and the season-average farm price was raised to $10.40.

- Date: 2020-11-12 · published 2020-11-12T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/12423-november-wasde-report-tightens-soybean-stocks
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

The lower yield and ending stocks signal a tighter US soybean balance sheet, supporting soybean and soybean meal prices for feed buyers.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-10-09 | [Rally Continues as USDA WASDE Report Reveals Tighter Stocks](https://feedsoft.ai/events/50593-rally-continues-as-usda-wasde-report-reveals-tighter-stocks.md) | +1.2% | +4.9% |
| SOY | 2025-05-12 | [USDA May report: Record corn crop, tight soybean stocks for 2025-26](https://feedsoft.ai/events/24608-usda-may-report-record-corn-crop-tight-soybean-stocks-for-2025-26.md) | +0.6% | +1.1% |
| SOY | 2021-11-10 | [USDA November WASDE Reports Recap \| Feed & Grain](https://feedsoft.ai/events/44003-usda-november-wasde-reports-recap-feed-and-grain.md) | +4.3% | +5.1% |
| SOY | 2021-05-13 | [Soy stocks tighten; biofuel demand strong in May report](https://feedsoft.ai/events/46963-soy-stocks-tighten-biofuel-demand-strong-in-may-report.md) | -7.4% | -7.0% |
| SOY | 2020-10-09 | [Soybeans rally on tight new crop ending stocks](https://feedsoft.ai/events/50665-soybeans-rally-on-tight-new-crop-ending-stocks.md) | +1.2% | +4.9% |
| SBM | 2025-05-12 | [USDA May report: Record corn crop, tight soybean stocks for 2025-26](https://feedsoft.ai/events/24608-usda-may-report-record-corn-crop-tight-soybean-stocks-for-2025-26.md) | +1.3% | +2.3% |
| SBM | 2023-07-28 | [NOPA shows tighter soybean oil stocks - McKeany-Flavell](https://feedsoft.ai/events/10706-nopa-shows-tighter-soybean-oil-stocks-mckeany-flavell.md) | -2.3% | -8.1% |
| SBM | 2020-10-09 | [Soybeans rally on tight new crop ending stocks](https://feedsoft.ai/events/50665-soybeans-rally-on-tight-new-crop-ending-stocks.md) | +3.6% | +8.0% |

## Sources

- iasoybeans.com: https://www.iasoybeans.com/newsroom/article/november-wasde-squeezes-soybean-stocks

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