# Soybean commentary: Futures rebound despite higher USDA stocks forecast - Fastmarkets

> July soybean futures in Chicago rose 0.54% to $12.15 per bushel on May 10, supported by soyoil and a 4.4% jump in soymeal. The May WASDE put 2024/25 global soybean ending stocks at 128.5 million tonnes, above expectations. Flooding in Rio Grande do Sul may cut Brazilian soybean output.

- Date: 2024-05-13 · published 2024-05-13T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/13925-soybean-commentary-futures-rebound-despite-higher-usda-stocks-forecast
- 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

Higher-than-expected global ending stocks are bearish for soybean prices over time, but Brazilian flood losses and firm soymeal limit the downside in the near term.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-06-18 | [Futures Fall After June WASDE Reveals Higher Corn Stocks](https://feedsoft.ai/events/18734-futures-fall-after-june-wasde-reveals-higher-corn-stocks.md) | -0.4% | +6.4% |
| SOY | 2017-07-13 | [USDA: Corn stocks increase, soybeans decrease - Mid-West Farm Report](https://feedsoft.ai/events/69889-usda-corn-stocks-increase-soybeans-decrease-mid-west-farm-report.md) | -1.7% | -5.3% |
| SOY | 2024-05-10 | [USDA Forecasts 14.86 BB Corn Crop, 4.45 BB Soybean Crop](https://feedsoft.ai/events/13186-usda-forecasts-14-86-bb-corn-crop-4-45-bb-soybean-crop.md) | +2.0% | -1.1% |
| SOY | 2026-10-01 | [Corn plunges 20 cents as high USDA stocks stun market](https://feedsoft.ai/events/17408-corn-plunges-20-cents-as-high-usda-stocks-stun-market.md) | +0.3% | -5.3% |
| SOY | 2018-12-13 | [USDA confirms U.S. soybean sales to China; soy futures fall](https://feedsoft.ai/events/61594-usda-confirms-u-s-soybean-sales-to-china-soy-futures-fall.md) | -2.2% | -2.3% |
| SBM | 2021-03-31 | [Futures hit limits as USDA fails to deliver corn, soybean planting hike - Fastmarkets](https://feedsoft.ai/events/48140-futures-hit-limits-as-usda-fails-to-deliver-corn-soybean-planting-hike.md) | +2.3% | +5.4% |
| SBM | 2016-05-11 | [With a USDA Shrinking Forecast, Soybean Futures Soared – Schad Commodity](https://feedsoft.ai/events/6524-with-a-usda-shrinking-forecast-soybean-futures-soared-schad-commodity.md) | +2.4% | +15.7% |
| SBM | 2025-02-27 | [USDA Forecasts Tighter-Than-Expected Soybean Ending Stocks](https://feedsoft.ai/events/26098-usda-forecasts-tighter-than-expected-soybean-ending-stocks.md) | -0.1% | +0.6% |

## Sources

- fastmarkets.com: https://www.fastmarkets.com/insights/soybean-futures-rebound-despite-higher-usda-stocks-forecast/

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