# USDA Lowers Average Soybean Price Forecast; Raises Ending Stock Estimate

> The USDA's August WASDE raised the 2022/23 US soybean yield to 51.9 bu/acre from 51.5 and lifted production to 4.53 billion bushels. Ending stocks were raised to 245 million bushels, while the season-average soybean price was cut 5 cents to $14.35 per bushel. Soybean meal and oil price forecasts were left unchanged.

- Date: 2022-08-22 · published 2022-08-22T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/40159-usda-lowers-average-soybean-price-forecast-raises-ending-stock-estimate
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Bigger US supplies and higher ending stocks point to softer soybean prices, and the lower season-average price forecast confirms the market's bearish read. Meal and oil forecasts were unchanged, so the report offers no new price signal for those products.

## Read by commodity

- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-12-12 | [USDA lowers corn ending stocks, raises soybean \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/67416-usda-lowers-corn-ending-stocks-raises-soybean-iowa-agribusiness-radio-network.md) | -2.1% | -3.6% |
| SOY | 2018-10-12 | [USDA raises corn, soybean and wheat ending stocks estimates \| 2018-10-12  \| World Grain](https://feedsoft.ai/events/62480-usda-raises-corn-soybean-and-wheat-ending-stocks-estimates-2018-10-12-world.md) | +0.6% | +1.1% |
| SOY | 2016-11-09 | [USDA raises U.S. corn, soybean ending stocks - Brownfield Ag News](https://feedsoft.ai/events/73820-usda-raises-u-s-corn-soybean-ending-stocks-brownfield-ag-news.md) | -1.6% | +2.5% |
| SOY | 2024-08-13 | [USDA forecasts record US soybean production and higher stocks, above market estimates - Fastmarkets](https://feedsoft.ai/events/10464-usda-forecasts-record-us-soybean-production-and-higher-stocks-above-market.md) | -5.5% | -3.4% |
| SOY | 2018-08-10 | [Soybeans, Grains Plunge After USDA Raises Production Forecasts](https://feedsoft.ai/events/63478-soybeans-grains-plunge-after-usda-raises-production-forecasts.md) | -0.3% | -6.3% |

## Sources

- krishijagran.com: https://krishijagran.com/commodity-news/usda-lowers-average-soybean-price-forecast-raises-ending-stock-estimate/

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