# USDA Report Recap

> StoneX's recap of the June WASDE lists soybean changes, including a 15 million bushel cut to the 2020/21 crush and higher 2021/22 ending stocks of 155 million bushels. It also notes that soybean oil exports were reduced while domestic use rose. Global 2021/22 soybean ending stocks were raised 1.5 million tons.

- Date: 2021-06-10 · published 2021-06-10T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/46510-usda-report-recap
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Higher U.S. soybean stocks and a lower crush are bearish for soymeal and soyoil demand. Feed buyers should expect easing meal costs in the near term.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-03-09 | [USDA Reports Flash](https://feedsoft.ai/events/71937-usda-reports-flash.md) | -1.3% | -6.6% |
| SOY | 2018-09-12 | [USDA Reports Update](https://feedsoft.ai/events/62875-usda-reports-update.md) | -0.8% | +5.2% |
| SOY | 2016-12-09 | [USDA Reports Flash](https://feedsoft.ai/events/73424-usda-reports-flash.md) | +0.2% | -3.0% |
| SOY | 2018-10-11 | [USDA Reports Summary](https://feedsoft.ai/events/62479-usda-reports-summary.md) | +3.9% | +1.8% |
| SOY | 2017-09-28 | [USDA Reports Preview](https://feedsoft.ai/events/68982-usda-reports-preview.md) | -0.8% | +1.0% |
| SBM | 2018-09-12 | [USDA Reports Update](https://feedsoft.ai/events/62875-usda-reports-update.md) | -4.4% | -0.2% |
| SBM | 2018-10-11 | [USDA Reports Summary](https://feedsoft.ai/events/62479-usda-reports-summary.md) | +3.8% | -1.3% |
| SBM | 2017-06-12 | [USDA Releases Latest WASDE Report](https://feedsoft.ai/events/70425-usda-releases-latest-wasde-report.md) | -1.6% | +10.0% |

## Sources

- stonex.com: https://www.stonex.com/en-us/insights/usda-report-recap-2021-06-10/

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