# Markets Eye Forecast for Northern Plains | Feed & Grain

> China's weekly soybean crush rose 166,000 tonnes to just over 2.2 million tonnes, the largest of 2021 and 5% above last year. Meal stocks at Chinese ports held steady at 1.1 million tonnes, and France's farm ministry estimated 2021 soft wheat output at 37.1 million tonnes, up 27%.

- Date: 2021-07-15 · published 2021-07-15T12:00:00.000Z
- Category: report · region China · magnitude low
- Page: https://feedsoft.ai/events/46150-markets-eye-forecast-for-northern-plains-feed-and-grain
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Stronger Chinese crush supports soybean meal demand, but high port stocks and weaker old-crop purchases limit upside, while a larger French crop adds to wheat supply.

## Read by commodity

- SBM: neutral
- SOY: bullish ▲
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-12-03 | [Markets Unable to Hold Overnight Gains \| Feed & Grain](https://feedsoft.ai/events/49626-markets-unable-to-hold-overnight-gains-feed-and-grain.md) | +0.5% | +14.1% |
| SOY | 2020-12-03 | [Ag Markets Surprised by Stocks Report \| Feed & Grain](https://feedsoft.ai/events/49582-ag-markets-surprised-by-stocks-report-feed-and-grain.md) | +0.5% | +14.1% |
| SOY | 2021-11-10 | [USDA November WASDE Reports Recap \| Feed & Grain](https://feedsoft.ai/events/44003-usda-november-wasde-reports-recap-feed-and-grain.md) | +4.3% | +5.1% |
| SOY | 2017-05-15 | [Grain markets less bearish on forecasted lower stocks \| Country Today \| leadertelegram.com](https://feedsoft.ai/events/8490-grain-markets-less-bearish-on-forecasted-lower-stocks-country-today.md) | -0.1% | -2.4% |
| SOY | 2025-05-15 | [USDA forecasts lower US soybean stocks, record crush for 2025/26 \| Feed & Grain](https://feedsoft.ai/events/24760-usda-forecasts-lower-us-soybean-stocks-record-crush-for-2025-26-feed-and-grain.md) | -0.4% | -2.3% |
| SBM | 2023-10-27 | [Bright spots, uncertain trends forecast in global pork markets](https://feedsoft.ai/events/33780-bright-spots-uncertain-trends-forecast-in-global-pork-markets.md) | -0.1% | +7.3% |
| SBM | 2024-12-11 | [Forecast for U.S. Oilseed Production in 2024–2025 – Market-Tracker](https://feedsoft.ai/events/27058-forecast-for-u-s-oilseed-production-in-2024-2025-market-tracker.md) | -0.6% | +1.2% |
| SBM | 2017-04-01 | [Markets for oilseed meals in Australia](https://feedsoft.ai/events/72097-markets-for-oilseed-meals-in-australia.md) | -0.3% | +1.9% |

## Sources

- feedandgrain.com: https://www.feedandgrain.com/events/event-calendar/blog/15386809/markets-eye-forecast-for-northern-plains

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