# New survey shows 2020 yields continue to tighten

> A Farm Futures January 2021 survey projects 2020 U.S. soybean yield at 49.9 bpa, below USDA's 50.7 bpa. The survey puts 2020/21 ending soybean stocks near 108 million bushels, a stocks-to-use ratio of 2.4%, which would be the tightest on record.

- Date: 2021-01-06 · published 2021-01-06T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/48994-new-survey-shows-2020-yields-continue-to-tighten
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Record-tight soybean stocks would force demand rationing among crushers and livestock feeders and support soybean meal and soybean prices. The survey is not an official USDA figure.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-09-07 | [Allendale yield survey shows lower corn, soybean production - Brownfield Ag News](https://feedsoft.ai/events/13249-allendale-yield-survey-shows-lower-corn-soybean-production-brownfield-ag-news.md) | -1.8% | -6.4% |
| SOY | 2020-10-09 | [USDA tightens U.S. corn, soybean balance sheets - Brownfield Ag News](https://feedsoft.ai/events/50598-usda-tightens-u-s-corn-soybean-balance-sheets-brownfield-ag-news.md) | +1.2% | +4.9% |
| SOY | 2020-10-09 | [Rally Continues as USDA WASDE Report Reveals Tighter Stocks](https://feedsoft.ai/events/50593-rally-continues-as-usda-wasde-report-reveals-tighter-stocks.md) | +1.2% | +4.9% |
| SOY | 2021-08-12 | [Surprisingly low corn yields spark rally](https://feedsoft.ai/events/45499-surprisingly-low-corn-yields-spark-rally.md) | -3.4% | -10.4% |
| SOY | 2022-10-12 | [USDA Lowers Corn, Soybean Yields Slightly](https://feedsoft.ai/events/39176-usda-lowers-corn-soybean-yields-slightly.md) | -0.3% | +4.9% |
| SBM | 2021-03-03 | [USDA Report: U.S. Dairy Farm Numbers Continue to Decline](https://feedsoft.ai/events/48126-usda-report-u-s-dairy-farm-numbers-continue-to-decline.md) | -1.9% | -6.9% |
| SBM | 2023-07-28 | [NOPA shows tighter soybean oil stocks - McKeany-Flavell](https://feedsoft.ai/events/10706-nopa-shows-tighter-soybean-oil-stocks-mckeany-flavell.md) | -2.3% | -8.1% |
| SBM | 2026-01-19 | [Outlook 2026: Global growth in poultry meat set to continue - Food & Agribusiness](https://feedsoft.ai/events/21214-outlook-2026-global-growth-in-poultry-meat-set-to-continue-food-and-agribusiness.md) | +2.0% | +5.5% |

## Sources

- farmprogress.com: https://www.farmprogress.com/crops/new-survey-shows-2020-yields-continue-to-tighten

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