# S/D Estimates Released | Red River Farm Network

> New-crop U.S. soybean ending stocks rose to 560 million bushels from 435 million in July, the biggest surprise in the USDA report. U.S. wheat ending stocks came in at 828 million bushels against trade expectations of 861 million.

- Date: 2024-08-13 · published 2024-08-13T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/28714-s-d-estimates-released-red-river-farm-network
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

The soybean stocks surprise is bearish for soybeans and meal, while the smaller-than-expected wheat stocks are supportive for wheat as a feed ingredient. Corn stocks changed only slightly.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- WHEAT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SOY | 2024-08-15 | 5 | -8.7% | -3.8 | New-crop US soybean ending stocks jumped to 560 mil bu, the biggest surprise in the report, which is bearish for prices. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-08-12 | [WASDE Report Released \| Red River Farm Network](https://feedsoft.ai/events/17856-wasde-report-released-red-river-farm-network.md) | +4.6% | +12.9% |
| SOY | 2021-09-30 | [USDA Estimate for Soybean Stocks Higher Than Expected \| Red River Farm Network](https://feedsoft.ai/events/45039-usda-estimate-for-soybean-stocks-higher-than-expected-red-river-farm-network.md) | -3.3% | -3.5% |
| SOY | 2021-08-22 | [Pro Farmer Releases National Corn and Soybean Crop Estimates - Pro Farmer](https://feedsoft.ai/events/45407-pro-farmer-releases-national-corn-and-soybean-crop-estimates-pro-farmer.md) | +5.1% | -2.4% |
| SOY | 2024-08-23 | [Pro Farmer releases 2024 national corn and soybean estimates - Pro Farmer](https://feedsoft.ai/events/13160-pro-farmer-releases-2024-national-corn-and-soybean-estimates-pro-farmer.md) | +3.5% | +7.5% |
| SOY | 2023-07-12 | [Wheat, Soybean Carryover Larger Than Expected \| Red River Farm Network](https://feedsoft.ai/events/34983-wheat-soybean-carryover-larger-than-expected-red-river-farm-network.md) | -1.9% | -6.0% |
| SBM | 2018-12-17 | [NOPA Says Record Soybean Crush for November \| Red River Farm Network](https://feedsoft.ai/events/61651-nopa-says-record-soybean-crush-for-november-red-river-farm-network.md) | -1.2% | -0.0% |
| SBM | 2018-05-15 | [Crush Numbers Confirm Growing Meal Supplies \| Red River Farm Network](https://feedsoft.ai/events/65098-crush-numbers-confirm-growing-meal-supplies-red-river-farm-network.md) | -2.7% | -9.3% |
| SBM | 2024-12-10 | [USDA Releases December 2024 WASDE Report \| American Ag Network](https://feedsoft.ai/events/26906-usda-releases-december-2024-wasde-report-american-ag-network.md) | +0.1% | +2.2% |

## Sources

- rrfn.com: https://www.rrfn.com/2024/08/13/s-d-estimates-released/

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