# WASDE update: Soybeans rally on tighter balance | articles | ING THINK

> USDA again cut global soybean production by 8.7 million tons, with reductions for Brazil (-5 MMT), Argentina (-1.5 MMT) and Paraguay (-1.8 MMT). Global soybean ending stocks were lowered to 92.8 MMT, and global demand was reduced by 5.8 MMT on softer Chinese demand. The report was mildly supportive for corn and wheat, and CBOT soybeans rose above $16 a bushel for the first time since June.

- Date: 2022-02-10 · published 2022-02-10T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/42677-wasde-update-soybeans-rally-on-tighter-balance-articles-ing-think
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Cumulative global soybean production cuts of about 21 million tons tighten the balance sheet and support soybean and soymeal prices. Lower Chinese demand partly offsets the supply tightening.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-01-13 | [WASDE update: Tighter US grain balances \| articles \| ING THINK](https://feedsoft.ai/events/37729-wasde-update-tighter-us-grain-balances-articles-ing-think.md) | -1.5% | +0.8% |
| SOY | 2024-03-11 | [WASDE update: Corn and soybean markets tighten \| articles \| ING THINK](https://feedsoft.ai/events/31132-wasde-update-corn-and-soybean-markets-tighten-articles-ing-think.md) | +2.4% | +0.9% |
| SOY | 2024-11-11 | [WASDE update: Soybean yield revisions tighten up market \| articles \| ING THINK](https://feedsoft.ai/events/27340-wasde-update-soybean-yield-revisions-tighten-up-market-articles-ing-think.md) | -1.8% | -2.6% |
| SOY | 2022-10-13 | [WASDE update: US supply cuts \| articles \| ING THINK](https://feedsoft.ai/events/39103-wasde-update-us-supply-cuts-articles-ing-think.md) | -1.7% | +4.6% |
| SOY | 2025-01-13 | [WASDE update: US corn and soybean output estimates cut \| articles \| ING THINK](https://feedsoft.ai/events/26453-wasde-update-us-corn-and-soybean-output-estimates-cut-articles-ing-think.md) | +2.0% | +3.6% |
| SBM | 2025-12-08 | [Tighter times ahead for the soybean market \| articles \| ING THINK](https://feedsoft.ai/events/21531-tighter-times-ahead-for-the-soybean-market-articles-ing-think.md) | -1.5% | -3.0% |
| SBM | 2022-01-13 | [WASDE update: Poor South American weather weighs on supply prospects \| articles \| ING THINK](https://feedsoft.ai/events/43105-wasde-update-poor-south-american-weather-weighs-on-supply-prospects-articles.md) | -6.3% | +7.0% |
| SBM | 2017-10-12 | [Soybeans surge on bullish WASDE updates \| Feedstuffs](https://feedsoft.ai/events/68417-soybeans-surge-on-bullish-wasde-updates-feedstuffs.md) | +3.4% | +1.3% |

## Sources

- think.ing.com: https://think.ing.com/articles/wasde-update-soybeans-rally-on-tighter-balance/

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