# Current Soybean Meal-Corn Ratio

> DTN analyst Joel Karlin compares the USDA's February outlook with the May WASDE, which cut 2022 U.S. corn production to 14.46 billion bushels on a 177 bpa yield and 89.5 million acres. The report raised U.S. soybean production to 4.64 billion bushels and forecast soybean meal prices down $20 to $400 per short ton. Global 2022/23 corn output and stocks were lowered, while soybean output and stocks were raised.

- Date: 2022-05-19 · published 2022-05-19T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/41486-current-soybean-meal-corn-ratio
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A smaller U.S. corn crop and higher corn prices favor corn, while bigger soybean supplies and lower forecast meal prices weigh on soybeans and soymeal. For feed buyers, the shift makes soymeal relatively cheaper against corn.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-11-08 | [USDA cuts corn, soybean crops](https://feedsoft.ai/events/61984-usda-cuts-corn-soybean-crops.md) | -6.8% | -0.4% |
| CORN | 2022-09-12 | [WASDE sparks a corn, soybean rally – The Seam](https://feedsoft.ai/events/39609-wasde-sparks-a-corn-soybean-rally-the-seam.md) | -1.1% | -1.5% |
| CORN | 2020-11-10 | [USDA reduces 2020 corn, soybean projections](https://feedsoft.ai/events/12427-usda-reduces-2020-corn-soybean-projections.md) | +9.7% | +8.7% |
| CORN | 2018-06-12 | [Futures rally on bullish corn, soybean data](https://feedsoft.ai/events/64480-futures-rally-on-bullish-corn-soybean-data.md) | -2.1% | -4.6% |
| CORN | 2017-09-29 | [U.S. Corn, Soybean Stocks Drop, USDA Says](https://feedsoft.ai/events/68896-u-s-corn-soybean-stocks-drop-usda-says.md) | +3.1% | +2.4% |
| SOY | 2024-05-30 | [Corn, Soybean Stocks-to-Use Ratios](https://feedsoft.ai/events/30286-corn-soybean-stocks-to-use-ratios.md) | -3.0% | -5.1% |
| SOY | 2018-11-08 | [USDA cuts corn, soybean crops](https://feedsoft.ai/events/61984-usda-cuts-corn-soybean-crops.md) | +0.3% | +5.6% |
| SOY | 2024-01-17 | [2023 Corn and Soybean Yields](https://feedsoft.ai/events/13212-2023-corn-and-soybean-yields.md) | +1.0% | -3.3% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/AG/blogs/fundamentally-speaking/blog-post/2022/05/19/current-soybean-meal-corn-ratio

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