# Demand for US soybeans seen falling with strong South American yields - Agweek | #1 source for agriculture news, farming, markets

> USDA's July WASDE cut its outlook for U.S. soybean exports by 65 million bushels and domestic crush by 10 million bushels. The agency projected 2022/23 ending soybean stocks at 230 million bushels, above analyst expectations of 211 million. Soybean futures fell to session lows as the most-active contract dropped about 4.3%.

- Date: 2022-07-12 · published 2022-07-12T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/40516-demand-for-us-soybeans-seen-falling-with-strong-south-american-yields-agweek-1
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Lower export and crush demand, driven by large South American harvests, points to heavier U.S. supplies and softer soybean and soymeal prices. Reduced crush also means less soymeal and oil output for feed buyers.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBM | 2022-07-19 | 5 | -9.9% | -3.3 | USDA cut soybean export and crush outlooks and ending stocks came in above expectations at 230 million bushels, so futures fell about 4.3%, with the reduced crush also affecting meal supply. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-03-11 | [USDA report perplexes - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/65959-usda-report-perplexes-agweek-1-source-for-agriculture-news-farming-markets.md) | +2.0% | +1.7% |
| SOY | 2024-02-29 | [Upper Midwest producers see solid crop yields in 2023 - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/13207-upper-midwest-producers-see-solid-crop-yields-in-2023-agweek-1-source-for.md) | +0.6% | +5.2% |
| SOY | 2021-08-20 | [Market turns quiet after report - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/12608-market-turns-quiet-after-report-agweek-1-source-for-agriculture-news-farming.md) | +3.4% | -2.9% |
| SOY | 2017-03-06 | [USDA releases new crop estimates for major crops - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/71835-usda-releases-new-crop-estimates-for-major-crops-agweek-1-source-for.md) | -3.0% | -7.9% |
| SOY | 2021-03-12 | [Market shows what happens when the bulls don't get fed - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/5124-market-shows-what-happens-when-the-bulls-don-t-get-fed-agweek-1-source-for.md) | -1.6% | -0.9% |
| SBM | 2017-03-31 | [Soybeans Trumping Corn in 18 States \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/72026-soybeans-trumping-corn-in-18-states-farm-bureau-intel-markets-american-farm.md) | -2.0% | -1.0% |
| SBM | 2016-11-11 | [Soybeans, corn down watching end of harvest, South America - Brownfield Ag News](https://feedsoft.ai/events/73884-soybeans-corn-down-watching-end-of-harvest-south-america-brownfield-ag-news.md) | -0.3% | +1.1% |
| SBM | 2025-07-14 | [July 2025 WASDE a Mixed Bag for Soy Markets - American Soybean Association](https://feedsoft.ai/events/15104-july-2025-wasde-a-mixed-bag-for-soy-markets-american-soybean-association.md) | +1.8% | +2.7% |

## Sources

- agweek.com: https://www.agweek.com/news/demand-for-us-soybeans-seen-falling-with-strong-south-american-yields

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