# Record US Soybean Exports Contribute to Price Surge

> The US is on track to set a record for soybean exports in the 2020-21 marketing year ending August 31, with USDA projections at 2.26 billion bushels. USSEC officials said global demand surprised the industry despite COVID-19 shipping disruptions and container shortages.

- Date: 2021-08-26 · published 2021-08-26T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/45590-record-us-soybean-exports-contribute-to-price-surge
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Record export pace tightens old-crop soybean supplies and supports prices and farm profitability. Strong demand despite logistics constraints suggests continued firmness in soybean meal and oil feed input costs.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-04-14 | [Surge in US Biodiesel Exports Strains Soybean Supplies](https://feedsoft.ai/events/47463-surge-in-us-biodiesel-exports-strains-soybean-supplies.md) | +5.9% | +17.8% |
| SOY | 2021-08-27 | [Soy exports on pace for record year](https://feedsoft.ai/events/45649-soy-exports-on-pace-for-record-year.md) | -6.5% | -6.0% |
| SOY | 2024-07-03 | [China poised for record July soybean imports on low prices](https://feedsoft.ai/events/14735-china-poised-for-record-july-soybean-imports-on-low-prices.md) | -2.0% | -11.7% |
| SOY | 2021-05-13 | [China's record soybean demand forecast to support prices till 2022: sources](https://feedsoft.ai/events/47090-china-s-record-soybean-demand-forecast-to-support-prices-till-2022-sources.md) | -7.4% | -7.0% |
| SOY | 2024-09-10 | [China Aug soybean imports at record 12.14mn tons](https://feedsoft.ai/events/14717-china-aug-soybean-imports-at-record-12-14mn-tons.md) | +0.5% | +3.4% |
| SBM | 2024-07-03 | [China poised for record July soybean imports on low prices](https://feedsoft.ai/events/14735-china-poised-for-record-july-soybean-imports-on-low-prices.md) | +1.3% | -3.9% |
| SBM | 2021-05-13 | [China's record soybean demand forecast to support prices till 2022: sources](https://feedsoft.ai/events/47090-china-s-record-soybean-demand-forecast-to-support-prices-till-2022-sources.md) | -9.3% | -13.4% |
| SBM | 2025-08-11 | [US soybean prices jump after Trump urges China to quadruple orders \| Reuters](https://feedsoft.ai/events/12446-us-soybean-prices-jump-after-trump-urges-china-to-quadruple-orders-reuters.md) | +2.9% | +2.4% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2021/08/26/record-us-soybean-exports-contribute

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