# Economist's Angle: Markets Await the New Crop - American Soybean Association

> The American Soybean Association's chief economist reviews the 2022/23 U.S. soybean crop, which fell from an initial 4,640 million bushels to 4,276 million bushels as acreage was cut. Crush capacity is expanding and NOPA members set monthly crush records in March and April. Ample South American supplies and a large expected U.S. harvest are weighing on markets.

- Date: 2023-06-01 · published 2023-06-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/35577-economist-s-angle-markets-await-the-new-crop-american-soybean-association
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Large South American supplies and a big expected U.S. harvest point to softer soybean prices ahead, even though strong crush demand supports the domestic complex.

## Read by commodity

- SBM: neutral
- SOY: bearish ▼

## Sources

- soygrowers.com: https://soygrowers.com/news-releases/economists-angle-markets-await-the-new-crop/

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