# U.S. Feedmakers Hoard Soybeans as Supplies Dwindle | Feed & Grain

> US feedmakers held soybeans on barges and in storage during the fall harvest to avoid selling to exporters amid strong global demand. The renewed competition pushed soybean prices to a four-year high.

- Date: 2020-12-09 · published 2020-12-09T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/49772-u-s-feedmakers-hoard-soybeans-as-supplies-dwindle-feed-and-grain
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Feed buyers competing with exporters for beans kept supplies tight during harvest, reinforcing firm soybean and soymeal prices into the new year.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Sources

- feedandgrain.com: https://www.feedandgrain.com/animal-feed-manufacturing/news/15388477/us-feedmakers-hoard-soybeans-as-supplies-dwindle

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