# US soybean ledger oddly tight versus corn, acreage shift may correct

> Reuters analysis notes US soybean supplies look unusually tight relative to corn, and that corn has lost a net 5.2 million acres versus original expectations over six years. The article projects 2023-24 US corn ending stocks at 2.16 billion bushels.

- Date: 2023-11-30 · published 2023-11-30T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/33188-us-soybean-ledger-oddly-tight-versus-corn-acreage-shift-may-correct
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Tight soybean balance sheets relative to corn can support soybean meal prices, while acreage shifts toward soybeans could later rebalance the complex.

## Read by commodity

- SOY: bullish ▲
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-05-12 | [Corn, Soybean Production Numbers as Expected in May USDA Report](https://feedsoft.ai/events/41348-corn-soybean-production-numbers-as-expected-in-may-usda-report.md) | -0.3% | -0.9% |
| CORN | 2019-09-12 | [USDA Lowers Corn, Soybean Production and Yield - ProAg](https://feedsoft.ai/events/9896-usda-lowers-corn-soybean-production-and-yield-proag.md) | +4.8% | +9.0% |
| CORN | 2024-11-11 | [WASDE Shows Decrease in US Corn and Soybean Ending Stocks in 2024/2025](https://feedsoft.ai/events/27342-wasde-shows-decrease-in-us-corn-and-soybean-ending-stocks-in-2024-2025.md) | -1.2% | -0.1% |
| CORN | 2016-09-12 | [USDA Still Sees Record Corn, Soybean Crops](https://feedsoft.ai/events/10185-usda-still-sees-record-corn-soybean-crops.md) | +1.6% | +4.4% |
| CORN | 2022-12-20 | [South American corn and soybean outlook: Playing the odds](https://feedsoft.ai/events/13683-south-american-corn-and-soybean-outlook-playing-the-odds.md) | +2.9% | +4.3% |
| SOY | 2025-05-12 | [USDA May report: Record corn crop, tight soybean stocks for 2025-26](https://feedsoft.ai/events/24608-usda-may-report-record-corn-crop-tight-soybean-stocks-for-2025-26.md) | +0.6% | +1.1% |
| SOY | 2022-10-12 | [USDA Lowers Corn, Soybean Yields Slightly](https://feedsoft.ai/events/39176-usda-lowers-corn-soybean-yields-slightly.md) | -0.3% | +4.9% |
| SOY | 2023-03-01 | [Corn, soybean usage cuts overshadow smaller Argentine crops](https://feedsoft.ai/events/37263-corn-soybean-usage-cuts-overshadow-smaller-argentine-crops.md) | +2.3% | -1.5% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/us-soybean-ledger-oddly-tight-versus-corn-acreage-shift-may-correct-2023-11-30/

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