# Analyst says soybean price jump driven by supply more than demand - Brownfield Ag News

> Analyst Clayton Pope argues that the recent soybean price rally is supply-driven rather than demand-driven, citing an 346 million bushel drop in August-to-November supply. He acknowledges USDA's 75-million-bushel rise in export estimates but downplays Brazilian and Argentine dryness as premature concern.

- Date: 2020-11-25 · published 2020-11-25T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/50178-analyst-says-soybean-price-jump-driven-by-supply-more-than-demand-brownfield-ag
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

If the rally is supply-led, prices depend on the size of the U.S. crop and South American output rather than sustained demand, which affects how buyers should hedge feed costs into 2021.

## Read by commodity

- SBM: neutral
- SOY: bullish ▲

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/analyst-says-soybean-price-jump-driven-by-supply-more-than-demand/

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