# US soybean 2020-21 ending stocks fall on higher exports | S&P Global

> The USDA cut its 2020-21 US soybean ending stocks forecast to 120 million bushels from 140 million in January, the sixth straight monthly reduction. The cut reflects higher export projections amid Brazilian harvest delays.

- Date: 2021-02-09 · published 2021-02-09T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/48688-us-soybean-2020-21-ending-stocks-fall-on-higher-exports-s-and-p-global
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Lower ending stocks signal tighter US supply and support soybean and soymeal prices. Feed buyers face higher protein costs as US exports absorb more supply.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-03-08 | [Report snapshot: higher U.S. and global corn ending stocks - Pro Farmer](https://feedsoft.ai/events/36816-report-snapshot-higher-u-s-and-global-corn-ending-stocks-pro-farmer.md) | -1.7% | -0.5% |
| SOY | 2025-02-27 | [USDA Forecasts Tighter-Than-Expected Soybean Ending Stocks](https://feedsoft.ai/events/26098-usda-forecasts-tighter-than-expected-soybean-ending-stocks.md) | -2.6% | -2.3% |
| SOY | 2023-03-08 | [USDA Crop Production Report Out Today: Lower Soybean Ending Stocks and Higher Corn - Oklahoma Farm Report](https://feedsoft.ai/events/36821-usda-crop-production-report-out-today-lower-soybean-ending-stocks-and-higher.md) | -1.7% | -0.5% |
| SOY | 2025-04-10 | [US Corn and Soybean Ending Stocks Decrease in 2024/2025](https://feedsoft.ai/events/25067-us-corn-and-soybean-ending-stocks-decrease-in-2024-2025.md) | +2.6% | +2.4% |
| SOY | 2022-04-08 | [PF Report Reaction: U.S. corn, wheat ending stocks higher than expected - Pro Farmer](https://feedsoft.ai/events/41798-pf-report-reaction-u-s-corn-wheat-ending-stocks-higher-than-expected-pro-farmer.md) | +2.2% | +0.6% |
| SBM | 2025-02-27 | [USDA Forecasts Tighter-Than-Expected Soybean Ending Stocks](https://feedsoft.ai/events/26098-usda-forecasts-tighter-than-expected-soybean-ending-stocks.md) | -0.1% | +0.6% |
| SBM | 2022-02-09 | [USDA cuts global ending stocks for beans, wheat, cotton and corn - Pro Farmer](https://feedsoft.ai/events/42671-usda-cuts-global-ending-stocks-for-beans-wheat-cotton-and-corn-pro-farmer.md) | -3.3% | +7.4% |
| SBM | 2020-10-09 | [Soybeans rally on tight new crop ending stocks](https://feedsoft.ai/events/50665-soybeans-rally-on-tight-new-crop-ending-stocks.md) | +3.6% | +8.0% |

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/020921-us-soybean-2020-21-ending-stocks-fall-on-higher-exports

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