# USDA supply outlook pushes soybeans to second session of gains - Markets - Business Recorder

> US soybean futures rose for a second session after a USDA supply outlook projected domestic soybean supplies would stay tight into 2022. Corn rose 1% despite an improved South American production outlook, and wheat gained more than 0.5%.

- Date: 2021-02-22 · published 2021-02-22T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/48687-usda-supply-outlook-pushes-soybeans-to-second-session-of-gains-markets-business
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A tight USDA balance sheet outlook supports soybean and meal prices, which raises feed ingredient costs. Gains were capped by faster South American harvest progress.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-09-11 | [Argentina grains exchange trims soya harvest outlook - Markets - Business Recorder](https://feedsoft.ai/events/44928-argentina-grains-exchange-trims-soya-harvest-outlook-markets-business-recorder.md) | +0.7% | -2.5% |
| SOY | 2023-07-03 | [Palm oil ends more than 5pc higher on supply worries - Markets - Business Recorder](https://feedsoft.ai/events/6544-palm-oil-ends-more-than-5pc-higher-on-supply-worries-markets-business-recorder.md) | -3.2% | -7.2% |
| SOY | 2020-06-12 | [US soy crush seen at 173.071mn bushels - Markets - Business Recorder](https://feedsoft.ai/events/52699-us-soy-crush-seen-at-173-071mn-bushels-markets-business-recorder.md) | +0.8% | +2.9% |
| SOY | 2020-07-31 | [Soybeans firm as US biodiesel data lifts soyoil; corn flat - Markets - Business Recorder](https://feedsoft.ai/events/51967-soybeans-firm-as-us-biodiesel-data-lifts-soyoil-corn-flat-markets-business.md) | -1.2% | +5.1% |
| SOY | 2021-01-15 | [Corn set for biggest weekly gain since July as global supplies tighten - Markets - Business Recorder](https://feedsoft.ai/events/49183-corn-set-for-biggest-weekly-gain-since-july-as-global-supplies-tighten-markets.md) | -8.7% | -4.5% |
| CORN | 2021-01-15 | [Corn set for biggest weekly gain since July as global supplies tighten - Markets - Business Recorder](https://feedsoft.ai/events/49183-corn-set-for-biggest-weekly-gain-since-july-as-global-supplies-tighten-markets.md) | -0.1% | +3.6% |
| CORN | 2026-05-15 | [Expana lifts EU wheat, abarley crop outlook, cuts maize - Markets - Business Recorder](https://feedsoft.ai/events/19181-expana-lifts-eu-wheat-abarley-crop-outlook-cuts-maize-markets-business-recorder.md) | +0.6% | -6.3% |
| CORN | 2020-06-11 | [Wheat slides on record global stocks estimate - Markets - Business Recorder](https://feedsoft.ai/events/52557-wheat-slides-on-record-global-stocks-estimate-markets-business-recorder.md) | +1.0% | +5.3% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40066521

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