# USDA Report Recap

> StoneX's recap of the April 9 WASDE says US soybean exports were raised on record first-half shipments, while crush was reduced. Global soybean production was raised 1.4 million tons to 363.2 million, mainly from Brazil, and global ending stocks rose 3.1 million tons. The report expects higher soybean oil prices as new renewable fuel capacity comes online.

- Date: 2021-04-09 · published 2021-04-09T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/47551-usda-report-recap
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Expected soyoil strength from biofuel demand supports soybean oil prices and crush margins. Higher global soybean stocks limit upside for soybeans.

## Read by commodity

- SBO: bullish ▲
- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2021-06-10 | [USDA Report Recap](https://feedsoft.ai/events/46510-usda-report-recap.md) | -10.5% | -12.7% |
| SBO | 2016-12-12 | [USDA WASDE Report at a Glance](https://feedsoft.ai/events/73428-usda-wasde-report-at-a-glance.md) | -0.0% | -3.6% |
| SBO | 2019-04-09 | [Soybeans mixed, corn mostly firm after USDA report - Brownfield Ag News](https://feedsoft.ai/events/59548-soybeans-mixed-corn-mostly-firm-after-usda-report-brownfield-ag-news.md) | -0.2% | -7.2% |
| SBO | 2025-07-13 | [USDA rundown: Record US corn exports and US biofuel boom \| Reuters](https://feedsoft.ai/events/14648-usda-rundown-record-us-corn-exports-and-us-biofuel-boom-reuters.md) | -0.6% | -1.9% |
| 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% |
| SOY | 2016-12-09 | [USDA Report Review](https://feedsoft.ai/events/73426-usda-report-review.md) | +0.2% | -3.0% |
| SOY | 2022-08-12 | [USDA Reports Review](https://feedsoft.ai/events/13340-usda-reports-review.md) | -12.5% | -12.9% |
| SOY | 2017-02-09 | [USDA Reports Flash](https://feedsoft.ai/events/72446-usda-reports-flash.md) | +0.2% | -5.5% |

## Sources

- stonex.com: https://www.stonex.com/en/insights/usda-report-recap-2021-04-09/

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