# Soy stocks tighten; biofuel demand strong in May report

> The USDA May WASDE projects a 2021/22 U.S. soybean crop of 4.4 billion bushels with tighter ending stocks than the prior year. Soybean oil use is now reported under a new 'biofuel' line, and crush is raised to 2.2 billion bushels.

- Date: 2021-05-13 · published 2021-05-13T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/46963-soy-stocks-tighten-biofuel-demand-strong-in-may-report
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Tighter new-crop stocks and rising biofuel use for soybean oil support soybean and soybean oil prices, and a larger crush also increases meal supply.

## Read by commodity

- SBM: neutral
- SBO: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-11-12 | [November WASDE Report Tightens Soybean Stocks](https://feedsoft.ai/events/12423-november-wasde-report-tightens-soybean-stocks.md) | +2.8% | +0.8% |
| SOY | 2025-05-12 | [USDA May report: Record corn crop, tight soybean stocks for 2025-26](https://feedsoft.ai/events/24608-usda-may-report-record-corn-crop-tight-soybean-stocks-for-2025-26.md) | +0.6% | +1.1% |
| SOY | 2022-03-10 | [Robust demand keeps grain stocks tight amid Black Sea export cuts](https://feedsoft.ai/events/12633-robust-demand-keeps-grain-stocks-tight-amid-black-sea-export-cuts.md) | -2.2% | -4.0% |
| SOY | 2020-12-10 | [December report crunches soy ending stocks](https://feedsoft.ai/events/49681-december-report-crunches-soy-ending-stocks.md) | +2.2% | +18.8% |
| SOY | 2025-01-28 | [US grain transportation demand remains strong in Q4 \| Feed & Grain](https://feedsoft.ai/events/16483-us-grain-transportation-demand-remains-strong-in-q4-feed-and-grain.md) | +1.3% | -1.3% |
| SBO | 2020-12-10 | [December report crunches soy ending stocks](https://feedsoft.ai/events/49681-december-report-crunches-soy-ending-stocks.md) | +0.7% | +12.3% |
| SBO | 2021-04-08 | [USDA to expand forecasts on soyoil use in biofuels in May crop report - Markets - Business Recorder](https://feedsoft.ai/events/47668-usda-to-expand-forecasts-on-soyoil-use-in-biofuels-in-may-crop-report-markets.md) | +0.2% | +17.0% |
| SBO | 2025-09-17 | [Trader PhD Monthly Biofuel Report](https://feedsoft.ai/events/22868-trader-phd-monthly-biofuel-report.md) | -4.8% | -3.2% |

## Sources

- iasoybeans.com: https://www.iasoybeans.com/newsroom/article/soy-stocks-tighten-biofuel-demand-strong-in-may-report

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