# WASDE: Soybean Estimates Have Been Lowered

> USDA's September WASDE cut the average U.S. soybean yield to 50.1 bushels per acre and lowered production to 4.146 billion bushels. Ending stocks were projected at 220 million bushels, and the season-average price was raised to $12.90 per bushel.

- Date: 2023-09-14 · published 2023-09-14T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/34179-wasde-soybean-estimates-have-been-lowered
- 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

A smaller crop and tighter ending stocks support soybean prices, though lower crush and exports partly offset the effect.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-10-15 | [Argentina’s soybean acreage estimates lowered \| World Grain](https://feedsoft.ai/events/44399-argentina-s-soybean-acreage-estimates-lowered-world-grain.md) | +1.5% | +0.5% |
| SOY | 2018-11-08 | [USDA lowers 2018 corn, soybean crop estimates - Brownfield Ag News](https://feedsoft.ai/events/61892-usda-lowers-2018-corn-soybean-crop-estimates-brownfield-ag-news.md) | +0.3% | +5.6% |
| SOY | 2025-01-13 | [WASDE update: US corn and soybean output estimates cut \| articles \| ING THINK](https://feedsoft.ai/events/26453-wasde-update-us-corn-and-soybean-output-estimates-cut-articles-ing-think.md) | +2.0% | +3.6% |
| SOY | 2017-01-13 | [Does the soybean rally have legs?](https://feedsoft.ai/events/72941-does-the-soybean-rally-have-legs.md) | +3.4% | +2.6% |
| SOY | 2017-01-13 | [Biggest Surprises of January USDA Reports Seen in Soybean Estimates](https://feedsoft.ai/events/11022-biggest-surprises-of-january-usda-reports-seen-in-soybean-estimates.md) | +3.4% | +2.6% |
| SBM | 2020-07-13 | [July WASDE report has few surprises for soybeans](https://feedsoft.ai/events/52162-july-wasde-report-has-few-surprises-for-soybeans.md) | -1.5% | -3.7% |
| SBM | 2017-03-09 | [WASDE: U.S. Soybean Supply & Use Changes For Current](https://feedsoft.ai/events/71940-wasde-u-s-soybean-supply-and-use-changes-for-current.md) | +0.3% | -5.1% |
| SBM | 2022-08-29 | [Pro Farmer Releases 2022 National Corn and Soybean Crop Estimates - Pro Farmer](https://feedsoft.ai/events/13335-pro-farmer-releases-2022-national-corn-and-soybean-crop-estimates-pro-farmer.md) | -5.9% | -6.1% |

## Sources

- iasoybeans.com: https://www.iasoybeans.com/newsroom/article/soybean-yields-lower-in-latest-wasde-report

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