# December report crunches soy ending stocks

> USDA's December WASDE raised the 2020/21 US soybean crush to 2.195 billion bushels and projected ending stocks at 175 million bushels, the lowest since 2013/14. The season-average soybean price was lifted 15 cents to $10.55/bu, with soymeal and soyoil forecasts also raised.

- Date: 2020-12-10 · published 2020-12-10T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/49681-december-report-crunches-soy-ending-stocks
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Lower ending stocks and higher crush support soybean, meal and oil prices, and smaller Argentine output tightens meal supply and supports US exports.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-04-10 | [USDA Report Reaction \| USDA cuts corn ending stocks - Pro Farmer](https://feedsoft.ai/events/25070-usda-report-reaction-usda-cuts-corn-ending-stocks-pro-farmer.md) | +2.6% | +2.4% |
| SOY | 2020-11-12 | [November WASDE Report Tightens Soybean Stocks](https://feedsoft.ai/events/12423-november-wasde-report-tightens-soybean-stocks.md) | +2.8% | +0.8% |
| SOY | 2025-12-09 | [Report Snapshot \| Corn, soybean ending stocks below average pre-report estimates - Pro Farmer](https://feedsoft.ai/events/21440-report-snapshot-corn-soybean-ending-stocks-below-average-pre-report-estimates.md) | -2.0% | -3.7% |
| SOY | 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) | +1.2% | +4.9% |
| SOY | 2025-04-11 | [WASDE Report Cuts Corn Ending Stocks More Than Expected - ProAg](https://feedsoft.ai/events/25066-wasde-report-cuts-corn-ending-stocks-more-than-expected-proag.md) | +0.7% | +1.5% |
| SBM | 2020-11-12 | [November WASDE Report Tightens Soybean Stocks](https://feedsoft.ai/events/12423-november-wasde-report-tightens-soybean-stocks.md) | +0.6% | -3.0% |
| SBM | 2020-04-13 | [USDA report: Larger U.S. corn, soy, wheat stocks](https://feedsoft.ai/events/53602-usda-report-larger-u-s-corn-soy-wheat-stocks.md) | -1.5% | -2.0% |
| 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

- iasoybeans.com: https://www.iasoybeans.com/newsroom/article/december-wasde-report-crunches-soy-ending-stocks

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