# US exporters losing battle for domestic soybeans to expanding crush

> US soybean exporters are losing domestic supplies to an expanding crush sector. Higher carry-in stocks and a large crop are projected to push 2024-25 ending stocks to a five-year high of 435 million bushels.

- Date: 2024-02-21 · published 2024-02-21T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/31702-us-exporters-losing-battle-for-domestic-soybeans-to-expanding-crush
- 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

Growing US crush and large projected carryout suggest ample soybean and meal supplies, a bearish influence on soybean prices and a supportive factor for soybean meal supply.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-06-17 | [US Soybean Ending Stocks Projected Higher for 2024/25 as Crush Declines](https://feedsoft.ai/events/29838-us-soybean-ending-stocks-projected-higher-for-2024-25-as-crush-declines.md) | -0.4% | -7.6% |
| SOY | 2023-07-12 | [USDA Report Bearish News for Corn and Soybeans](https://feedsoft.ai/events/34982-usda-report-bearish-news-for-corn-and-soybeans.md) | -1.9% | -6.0% |
| SOY | 2022-03-31 | [USDA Report Bullish for Corn, Bearish for Soybeans](https://feedsoft.ai/events/42296-usda-report-bullish-for-corn-bearish-for-soybeans.md) | -2.7% | +2.6% |
| SOY | 2017-03-31 | [USDA delivers bearish surprise for soybeans with big acres and big sto](https://feedsoft.ai/events/72029-usda-delivers-bearish-surprise-for-soybeans-with-big-acres-and-big-sto.md) | -2.2% | -1.8% |
| SOY | 2021-11-24 | [USDA cuts U.S. ag export forecast amid weaker soybean demand](https://feedsoft.ai/events/14976-usda-cuts-u-s-ag-export-forecast-amid-weaker-soybean-demand.md) | -3.5% | +4.4% |
| SBM | 2016-11-16 | [Soybeans up for 2nd day on strong demand, U.S. crush data \| Reuters](https://feedsoft.ai/events/73886-soybeans-up-for-2nd-day-on-strong-demand-u-s-crush-data-reuters.md) | +4.8% | +0.3% |
| SBM | 2023-01-17 | [Demand for U.S. Soy Remains Strong Near Term - U.S. Soybean Export Council](https://feedsoft.ai/events/10666-demand-for-u-s-soy-remains-strong-near-term-u-s-soybean-export-council.md) | -8.4% | -1.6% |
| SBM | 2020-11-10 | [USDA Lowers Corn, Soybean and Wheat Ending Stocks](https://feedsoft.ai/events/50091-usda-lowers-corn-soybean-and-wheat-ending-stocks.md) | +1.4% | -0.6% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/us-exporters-losing-battle-domestic-soybeans-expanding-crush-2024-02-21/

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