# The ‘knowns’ and ‘unknowns’ of the Grains & Oilseeds market

> Rabobank analyst Vitor Pistoia reviews 2024 grain and oilseed fundamentals, noting Houthi attacks in the Red Sea continue to disrupt shipping and that the South American soybean harvest is around 215 million tonnes, up 18 million on last year. Soybean is the only oilseed with rising global ending stocks year on year.

- Date: 2024-07-21 · published 2024-07-21T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/29321-the-knowns-and-unknowns-of-the-grains-and-oilseeds-market
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

A larger South American soybean crop and rising soy stocks point to ample supply for soybean meal, while Red Sea disruption keeps freight costs elevated for imported feed ingredients.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-09-18 | [Shipping market: The good, bad and ugly \| World Grain](https://feedsoft.ai/events/16764-shipping-market-the-good-bad-and-ugly-world-grain.md) | +1.1% | -1.2% |
| SOY | 2021-05-14 | [Markets drop on post-USDA profit-taking: Grain market daily \| AHDB](https://feedsoft.ai/events/7463-markets-drop-on-post-usda-profit-taking-grain-market-daily-ahdb.md) | -4.9% | -6.4% |
| SOY | 2017-08-31 | [Market Perspectives August 31, 2017 - Page 9 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/69349-market-perspectives-august-31-2017-page-9-of-10-u-s-grains-and-bioproducts.md) | +4.4% | +4.0% |
| SOY | 2018-08-30 | [Market Perspectives - August 30, 2018 - Page 9 of 11 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/63426-market-perspectives-august-30-2018-page-9-of-11-u-s-grains-and-bioproducts.md) | +0.4% | +3.9% |
| SOY | 2024-03-14 | [Market Perspectives - March 14, 2024 - Page 6 of 9 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/31093-market-perspectives-march-14-2024-page-6-of-9-u-s-grains-and-bioproducts-council.md) | +2.3% | -1.9% |
| SBM | 2021-09-09 | [Market Perspectives – September 9, 2021 - Page 6 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/45168-market-perspectives-september-9-2021-page-6-of-10-u-s-grains-and-bioproducts.md) | +0.5% | -3.3% |
| SBM | 2019-08-01 | [DDGS Weekly Market Report – August 1, 2019 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/57686-ddgs-weekly-market-report-august-1-2019-u-s-grains-and-bioproducts-council.md) | -1.7% | -1.4% |
| SBM | 2022-01-20 | [DDGS Weekly Market Report – January 20, 2022 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/7371-ddgs-weekly-market-report-january-20-2022-u-s-grains-and-bioproducts-council.md) | +0.2% | +11.1% |

## Sources

- sfs.org.au: https://sfs.org.au/article/the-knowns-and-unknowns-of-the-grains-oilseeds-market

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