# Soybean Demand Stays Strong | Red River Farm Network

> Cornbelt Marketing analyst Sam Hudson says US soybean demand remains strong despite higher prices, with crush and export programs not yet rationing. Strikes at Argentine crush plants are supporting the market, and US November crush hit a record.

- Date: 2020-12-17 · published 2020-12-17T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/49683-soybean-demand-stays-strong-red-river-farm-network
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Robust crush and export demand, plus reduced Argentine meal output, support soybean and soymeal prices and make rationing unlikely before 2021 Q2 or Q3.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBM | 2020-12-21 | 5 | +8.3% | 3.2 | Strong US crush and export demand plus Argentine crush plant strikes supported the soy complex and meal prices during the window. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-08-13 | [Soybean Demand Offers Hope for the Market \| Red River Farm Network](https://feedsoft.ai/events/11345-soybean-demand-offers-hope-for-the-market-red-river-farm-network.md) | +2.5% | +10.6% |
| SOY | 2021-06-25 | [China Buys More U.S. Soybeans \| Red River Farm Network](https://feedsoft.ai/events/46618-china-buys-more-u-s-soybeans-red-river-farm-network.md) | +5.5% | +2.2% |
| SOY | 2020-05-05 | [China and Mexico Buy U.S. Corn and Soybeans \| Red River Farm Network](https://feedsoft.ai/events/53115-china-and-mexico-buy-u-s-corn-and-soybeans-red-river-farm-network.md) | +2.2% | +2.0% |
| SOY | 2020-07-16 | [Soybean Rises on Stronger Chinese Demand](https://feedsoft.ai/events/52164-soybean-rises-on-stronger-chinese-demand.md) | +1.5% | +0.5% |
| SOY | 2020-04-23 | [Soybean Prices in the Pacific Northwest are Competitive \| Red River Farm Network](https://feedsoft.ai/events/53676-soybean-prices-in-the-pacific-northwest-are-competitive-red-river-farm-network.md) | -0.4% | +1.4% |
| SBM | 2020-08-13 | [Soybean Demand Offers Hope for the Market \| Red River Farm Network](https://feedsoft.ai/events/11345-soybean-demand-offers-hope-for-the-market-red-river-farm-network.md) | +4.8% | +10.2% |
| SBM | 2021-06-25 | [China Buys More U.S. Soybeans \| Red River Farm Network](https://feedsoft.ai/events/46618-china-buys-more-u-s-soybeans-red-river-farm-network.md) | +8.2% | +3.9% |
| SBM | 2023-07-19 | [Freight rates rebound on stronger Chinese soybean demand - Fastmarkets](https://feedsoft.ai/events/35234-freight-rates-rebound-on-stronger-chinese-soybean-demand-fastmarkets.md) | +2.2% | -6.8% |

## Sources

- rrfn.com: https://www.rrfn.com/2020/12/17/u-s-soybean-demand-stays-strong-as-prices-rise/

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