# Post-report pressure on soybean, soy meal futures - McKeany-Flavell

> Nov-21 soybean futures fell sharply after the USDA Grain Stocks report, which revised 2020/21 production up by about 81 million bushels. Dec-21 soybean meal closed the week down more than $13 per ton at $326.90 per short ton.

- Date: 2021-10-04 · published 2021-10-04T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/44616-post-report-pressure-on-soybean-soy-meal-futures-mckeany-flavell
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A surprise upward production revision lifted supply expectations and pushed soybeans and meal lower, reducing feed protein costs in the near term.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-07-13 | [2019/20 soybean stocks raised to 620 million - McKeany-Flavell](https://feedsoft.ai/events/52077-2019-20-soybean-stocks-raised-to-620-million-mckeany-flavell.md) | +0.7% | -2.4% |
| SOY | 2026-10-19 | [Soybean Meal Slips as Harvest Pressure Meets a Slow Crush: ADM (NYSE:ADM) in Focus](https://feedsoft.ai/events/495-soybean-meal-slips-as-harvest-pressure-meets-a-slow-crush-adm-nyse-adm-in-focus.md) | +0.2% | — |
| SOY | 2024-04-29 | [Global soybean glut could pressure canola prices](https://feedsoft.ai/events/30832-global-soybean-glut-could-pressure-canola-prices.md) | +3.6% | +7.6% |
| SOY | 2017-02-10 | [Soybean and Wheat Futures Affected by February Report \| Hoosier Ag Today](https://feedsoft.ai/events/72448-soybean-and-wheat-futures-affected-by-february-report-hoosier-ag-today.md) | -0.6% | -5.2% |
| SOY | 2024-07-15 | [Farm Futures afternoon market report](https://feedsoft.ai/events/9367-farm-futures-afternoon-market-report.md) | -3.3% | -9.4% |
| SBM | 2018-10-19 | [Soybean oil production increased in September - McKeany-Flavell](https://feedsoft.ai/events/62629-soybean-oil-production-increased-in-september-mckeany-flavell.md) | -3.8% | -3.4% |
| SBM | 2020-07-13 | [2019/20 soybean stocks raised to 620 million - McKeany-Flavell](https://feedsoft.ai/events/52077-2019-20-soybean-stocks-raised-to-620-million-mckeany-flavell.md) | -1.5% | -3.7% |
| SBM | 2018-09-12 | [USDA forecasts soybean crush to keep growing - McKeany-Flavell](https://feedsoft.ai/events/63103-usda-forecasts-soybean-crush-to-keep-growing-mckeany-flavell.md) | -4.4% | -0.2% |

## Sources

- mckeany-flavell.com: https://www.mckeany-flavell.com/post-report-pressure-on-soybean-soy-meal-futures-10-04-21/

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