# Oilseed Shakeup: Global Shifts and US Challenges in 2023/24 By Kedia Advisory

> A Kedia Advisory outlook summarises the October USDA data, cutting US soybean production by 42 million bushels to 4.1 billion on lower yields of 49.6 bu/acre. Soybean exports were trimmed by 35 million bushels on South American competition, and crush was raised to 2.3 billion bushels. Season-average price forecasts were unchanged.

- Date: 2023-10-13 · published 2023-10-13T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/33762-oilseed-shakeup-global-shifts-and-us-challenges-in-2023-24-by-kedia-advisory
- 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

The smaller US crop and firm crush support soybean prices, while the export cut and unchanged meal and oil forecasts limit upside for the products.

## Read by commodity

- SBM: neutral
- SBO: neutral
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-11-11 | [Global soybean market faces challenges amid oilseed production decline \| Feed & Grain](https://feedsoft.ai/events/27430-global-soybean-market-faces-challenges-amid-oilseed-production-decline-feed-and.md) | -1.8% | -2.6% |
| SOY | 2025-01-14 | [US soybean production drops, global oilseed crush rises in 2024/25 \| Feed & Grain](https://feedsoft.ai/events/26590-us-soybean-production-drops-global-oilseed-crush-rises-in-2024-25-feed-and-grain.md) | +2.5% | +0.2% |
| SOY | 2025-01-13 | [Cuts to US and global corn and soy inventory forecasts](https://feedsoft.ai/events/26455-cuts-to-us-and-global-corn-and-soy-inventory-forecasts.md) | +2.0% | +3.6% |
| SOY | 2026-08-13 | [Soybean and rapeseed prices are rising despite an improvement in the global oilseed balance](https://feedsoft.ai/events/18021-soybean-and-rapeseed-prices-are-rising-despite-an-improvement-in-the-global.md) | +4.6% | +10.7% |
| SOY | 2025-11-17 | [USDA lowers global oilseed production forecast, including soybeans, but quotes are falling](https://feedsoft.ai/events/22064-usda-lowers-global-oilseed-production-forecast-including-soybeans-but-quotes.md) | +1.1% | -3.7% |
| SBM | 2024-09-30 | [Aquafeed.com \|
   

   
    Global fishmeal and fish oil production surges in 2024](https://feedsoft.ai/events/28383-aquafeed-com-global-fishmeal-and-fish-oil-production-surges-in-2024.md) | -2.5% | -10.5% |
| SBM | 2025-01-14 | [US soybean production drops, global oilseed crush rises in 2024/25 \| Feed & Grain](https://feedsoft.ai/events/26590-us-soybean-production-drops-global-oilseed-crush-rises-in-2024-25-feed-and-grain.md) | -0.9% | -0.4% |
| SBM | 2023-11-07 | [Global poultry markets recover as challenges ease - Rabobank
						 \| The Poultry Site](https://feedsoft.ai/events/33319-global-poultry-markets-recover-as-challenges-ease-rabobank-the-poultry-site.md) | +6.3% | -1.1% |

## Sources

- in.investing.com: https://in.investing.com/news/oilseed-shakeup-global-shifts-and-us-challenges-in-202324-3848349

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