# SOYBEANS: Record High Acreage and Weaker Fundamentals for Soyoil — The Hightower Report

> USDA Prospective Plantings showed 2022 US soybean intentions at 90.95 million acres, above the 88.9 million expected and up from 87.2 million last year. March 1 soybean stocks were also above expectations at 1.931 billion bushels, pushing soybeans and soyoil sharply lower.

- Date: 2022-04-01 · published 2022-04-01T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/4035-soybeans-record-high-acreage-and-weaker-fundamentals-for-soyoil-the-hightower
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Larger acreage and higher stocks point to ample US supplies and a looser balance sheet, which is bearish for soybeans, meal and oil.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-07-12 | [USDA Report Bearish News for Corn and Soybeans](https://feedsoft.ai/events/34982-usda-report-bearish-news-for-corn-and-soybeans.md) | -1.9% | -6.0% |
| SOY | 2024-01-15 | [Bearish Surprises for Corn and Soybeans in Latest WASDE Report](https://feedsoft.ai/events/32062-bearish-surprises-for-corn-and-soybeans-in-latest-wasde-report.md) | +1.5% | -1.1% |
| SOY | 2026-04-11 | [Soybeans up and corn down in planting report - High Plains Journal](https://feedsoft.ai/events/19799-soybeans-up-and-corn-down-in-planting-report-high-plains-journal.md) | -0.7% | +1.6% |
| SOY | 2019-11-21 | [Brazil Heads for Record Soybean Crop Amid Plans for Further Expansion](https://feedsoft.ai/events/55902-brazil-heads-for-record-soybean-crop-amid-plans-for-further-expansion.md) | -2.5% | +2.2% |
| SOY | 2022-08-15 | [Soybeans Weaker on Sunday Overnight](https://feedsoft.ai/events/6711-soybeans-weaker-on-sunday-overnight.md) | -10.8% | -7.2% |
| SBO | 2023-02-10 | [US soybean and oil prices decline w-o-w following WASDE report](https://feedsoft.ai/events/37421-us-soybean-and-oil-prices-decline-w-o-w-following-wasde-report.md) | +3.0% | -0.4% |
| SBO | 2025-03-31 | [Soybeans Weaker as USDA Confirms Drop to Expected Acres](https://feedsoft.ai/events/25612-soybeans-weaker-as-usda-confirms-drop-to-expected-acres.md) | +3.5% | +11.6% |
| SBO | 2022-12-14 | [Lower soybean oil demand means higher ending stocks \| 680 KFEQ](https://feedsoft.ai/events/38343-lower-soybean-oil-demand-means-higher-ending-stocks-680-kfeq.md) | -0.2% | -3.1% |

## Sources

- hightowerreport.com: https://www.hightowerreport.com/blog/2022/4/soybeans-record-high-acreage-and-weaker-fundamentals-for-soyoil

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