# Soybean Outlook: Bullish signals support 2021 expansion

> Soybean prices have reached seven-and-a-half-year highs, supported by U.S. 2020 production that fell slightly to 4.135 billion bushels and ending stocks that shrank further. Demand from exporters and domestic crushers has kept U.S. supplies at their second-tightest level on record.

- Date: 2021-01-29 · published 2021-01-29T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/49186-soybean-outlook-bullish-signals-support-2021-expansion
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Tight U.S. old-crop supplies and strong export and crush demand support soybean prices, and buyers should expect firm meal and feed costs while stocks stay low.

## Read by commodity

- SOY: bullish ▲

## Sources

- farmprogress.com: https://www.farmprogress.com/soybean/soybean-outlook-bullish-signals-support-2021-expansion

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