# US Soybean Ending Stocks Projected Higher for 2024/25 as Crush Declines

> The USDA raised its 2024/25 US soybean ending stocks forecast by 10 million bushels to 455 million bushels. The increase follows a 10 million bushel cut to the 2023/24 crush forecast, to 2.29 billion bushels, due to weaker domestic meal demand.

- Date: 2024-06-17 · published 2024-06-17T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/29838-us-soybean-ending-stocks-projected-higher-for-2024-25-as-crush-declines
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Higher projected carryout and lower domestic crush point to softer soybean and soybean meal prices, while strong meal exports partly offset the demand loss.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-05-10 | [Higher New Corn, Soybean Ending Stocks Projected](https://feedsoft.ai/events/59042-higher-new-corn-soybean-ending-stocks-projected.md) | +4.9% | +7.0% |
| SOY | 2023-05-15 | [USDA Ending Stocks Reveal Record Projections for Corn and Soybeans - ProAg](https://feedsoft.ai/events/35890-usda-ending-stocks-reveal-record-projections-for-corn-and-soybeans-proag.md) | -8.9% | -4.3% |
| SOY | 2018-07-17 | [Soybean ending stocks increase for 2018-19](https://feedsoft.ai/events/64003-soybean-ending-stocks-increase-for-2018-19.md) | +2.2% | +2.9% |
| SOY | 2022-08-12 | [PF Report Reaction: Record soybean crop estimate pushed new-crop ending stocks higher than expected - Pro Farmer](https://feedsoft.ai/events/39962-pf-report-reaction-record-soybean-crop-estimate-pushed-new-crop-ending-stocks.md) | -12.5% | -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% |
| SBM | 2022-08-12 | [PF Report Reaction: Record soybean crop estimate pushed new-crop ending stocks higher than expected - Pro Farmer](https://feedsoft.ai/events/39962-pf-report-reaction-record-soybean-crop-estimate-pushed-new-crop-ending-stocks.md) | -10.9% | -15.4% |
| SBM | 2022-08-12 | [USDA Projects Higher Soybean Yield, Lower Demand](https://feedsoft.ai/events/39955-usda-projects-higher-soybean-yield-lower-demand.md) | -10.9% | -15.4% |
| SBM | 2017-04-11 | [Global Soybean Production, Ending Stocks Raised](https://feedsoft.ai/events/71445-global-soybean-production-ending-stocks-raised.md) | +1.0% | +1.6% |

## Sources

- ag.hedder.com: https://ag.hedder.com/news/us-soybean-ending-stocks-projected-higher-for-2024-25-as-crush-declines/

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