# Soybean Production and Demand Are Up in the Air

> A Terrain quarterly outlook says soybean prices rallied on tight old-crop inventories and weather uncertainty. The central Corn Belt is very dry as an El Nino pattern develops, and wheat abandonment in the Plains could lead to larger double-crop soybean plantings.

- Date: 2023-06-29 · published 2023-06-29T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/35544-soybean-production-and-demand-are-up-in-the-air
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Concentrated dryness in key Corn Belt areas raises yield risk, while expected renewable diesel demand weakness and possible double-crop acres pull in the other direction.

## Read by commodity

- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-08-27 | [Potential Brazil corn and soybean production in 2021/22](https://feedsoft.ai/events/45432-potential-brazil-corn-and-soybean-production-in-2021-22.md) | -6.5% | -6.0% |
| SOY | 2023-03-01 | [Soybean Crush Product Prices Switch Again](https://feedsoft.ai/events/37367-soybean-crush-product-prices-switch-again.md) | +2.3% | -1.5% |
| SOY | 2022-10-05 | [Why are the Corn and Soybean Crops Drying So Slowly? - farmdoc](https://feedsoft.ai/events/13321-why-are-the-corn-and-soybean-crops-drying-so-slowly-farmdoc.md) | -0.5% | +3.8% |
| SOY | 2025-01-29 | [Will the Bull Market in Corn Continue to Pull Up Soybeans and Wheat? - AgWeb](https://feedsoft.ai/events/6895-will-the-bull-market-in-corn-continue-to-pull-up-soybeans-and-wheat-agweb.md) | +2.9% | -2.0% |
| SOY | 2025-08-19 | [El Niño and La Niña affect grain production in Goiás and the Federal District - Cultivar Magazine](https://feedsoft.ai/events/23242-el-nino-and-la-nina-affect-grain-production-in-goias-and-the-federal-district.md) | +0.5% | +2.8% |

## Sources

- terrainag.com: https://www.terrainag.com/insights/soybean-production-and-demand-are-up-in-the-air/

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