# 2021 Soybeans – to crush or export?

> Farm Futures analyst Jacqueline Holland says USDA expects 2021/22 US soybean exports to fall 205 million bushels to 2.08 billion bushels. China has accounted for 56% of expected 2020/21 US soybean exports, with the 2021 crop unlikely to meet new-crop demand potential.

- Date: 2021-06-11 · published 2021-06-11T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/46671-2021-soybeans-to-crush-or-export
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Expected lower export volumes and a tight new-crop balance sheet support soybean prices, while dependence on Chinese buying keeps the export outlook sensitive to trade flows.

## Read by commodity

- SBM: neutral
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-10-21 | [Argentina plans to increase soybean crush and exports in 2026/27](https://feedsoft.ai/events/13773-argentina-plans-to-increase-soybean-crush-and-exports-in-2026-27.md) | -1.3% | — |
| SOY | 2017-10-27 | [US export report: China buys soybeans / Spain buys](https://feedsoft.ai/events/68330-us-export-report-china-buys-soybeans-spain-buys.md) | +1.8% | +2.3% |
| SOY | 2025-11-17 | [Soybeans Surge to July 2024 Highs](https://feedsoft.ai/events/7891-soybeans-surge-to-july-2024-highs.md) | +1.1% | -3.7% |
| SOY | 2025-04-24 | [CBOT soybeans near two-month high on export optimism](https://feedsoft.ai/events/11800-cbot-soybeans-near-two-month-high-on-export-optimism.md) | -0.5% | +2.2% |
| SOY | 2017-09-13 | [Soybeans supported by new export sale to China - Brownfield Ag News](https://feedsoft.ai/events/68860-soybeans-supported-by-new-export-sale-to-china-brownfield-ag-news.md) | +2.3% | +2.3% |
| SBM | 2024-08-29 | [To Crush or Not to Crush? - U.S. Soybean Export Council](https://feedsoft.ai/events/28887-to-crush-or-not-to-crush-u-s-soybean-export-council.md) | +3.2% | +4.6% |
| SBM | 2021-11-03 | [Argentina: Soybean exports in 2020/21 reached 33.1](https://feedsoft.ai/events/14073-argentina-soybean-exports-in-2020-21-reached-33-1.md) | +0.7% | +3.5% |
| SBM | 2021-03-04 | [ExportPlanning - A record year for US Soybeans - ExportPlanning](https://feedsoft.ai/events/47971-exportplanning-a-record-year-for-us-soybeans-exportplanning.md) | -3.0% | -1.7% |

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/2021-soybeans-to-crush-or-export-

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