# Three Things Currently Impacting The Soybean Market

> The June WASDE was described as neutral for soybeans and corn, with USDA projecting 2024/25 US soybean ending stocks at 455 million bushels and a $11.20 price. Soybean meal and oil forecasts were unchanged at $330 per short ton and 42 cents per pound.

- Date: 2024-06-13 · published 2024-06-13T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/29785-three-things-currently-impacting-the-soybean-market
- 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

Unchanged USDA price and use forecasts mean the report gave little directional signal, leaving soybean and meal prices driven by stocks and export expectations.

## Read by commodity

- SBM: neutral
- SBO: neutral
- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-01-16 | [USDA closure is impacting U.S. markets, especially for soybeans](https://feedsoft.ai/events/61055-usda-closure-is-impacting-u-s-markets-especially-for-soybeans.md) | +2.4% | +2.6% |
| SOY | 2023-03-09 | [Soybean oil market waiting on EPA \| Baking Business](https://feedsoft.ai/events/15323-soybean-oil-market-waiting-on-epa-baking-business.md) | -2.5% | -1.0% |
| SOY | 2021-10-21 | [Why soybean meal might be the next big thing](https://feedsoft.ai/events/44613-why-soybean-meal-might-be-the-next-big-thing.md) | -0.5% | +2.5% |
| SOY | 2017-07-18 | [Soybean Marketing: Preparing for the August WASDE Report \| CropWatch \| Nebraska](https://feedsoft.ai/events/69986-soybean-marketing-preparing-for-the-august-wasde-report-cropwatch-nebraska.md) | +1.3% | -6.0% |
| SOY | 2025-02-28 | [US soybeans production to fall in next marketing year: USDA](https://feedsoft.ai/events/26096-us-soybeans-production-to-fall-in-next-marketing-year-usda.md) | -0.9% | -0.6% |
| SBM | 2023-03-09 | [Soybean oil market waiting on EPA \| Baking Business](https://feedsoft.ai/events/15323-soybean-oil-market-waiting-on-epa-baking-business.md) | -3.6% | -9.1% |
| SBM | 2019-01-01 | [Tracking the Pace of Soybean Consumption](https://feedsoft.ai/events/61195-tracking-the-pace-of-soybean-consumption.md) | +3.7% | +1.6% |
| SBM | 2025-02-28 | [US soybeans production to fall in next marketing year: USDA](https://feedsoft.ai/events/26096-us-soybeans-production-to-fall-in-next-marketing-year-usda.md) | +1.7% | +1.5% |

## Sources

- iasoybeans.com: https://www.iasoybeans.com/newsroom/article/june-wasde-recap-and-market-influencers

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