◂ Event Timeline

Nov 9, 2020REPORTUS

Is the US Out of Soybeans?

USDA estimates U.S. soybean ending stocks at 290 million bushels, 6.4% of annual use and the tightest in five years. Cash soybean prices reached $10.53 a bushel, the highest in over four years, and U.S. export commitments hit 81% of USDA's estimate.

Brazil's ending stocks are projected at only 82 million bushels.

WHY IT MATTERS

Tight U.S. and Brazilian stocks suggest limited supply cushion for feed buyers, supporting higher soybean and meal prices if exports keep pace or weather disrupts South American crops.

AFFECTSSoybeans▲Soybean Meal▲

SOURCE
dtnpf.comTodd HultmanNov 9, 2020

Price reaction & history

Soybeans▲bullishSO FAR1d +0.6%5d +3.9%20d +5.5%

After 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% over 20.

Mar 30, 2018The soybean market is shocked by the USDA report-1.1%
Jan 1, 2019Tracking the Pace of Soybean Consumption+2.7%
Feb 22, 2019China bulks up on U.S. soybeans-1.5%
Jan 10, 2025Soybeans Post Rally on USDA Data Day+2.7%
Apr 10, 2018Soybeans rally on USDA report, exports-0.5%

Soybean Meal▲bullishSO FAR1d +0.4%5d +1.5%20d +1.1%

After 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% over 20.

Mar 30, 2018The soybean market is shocked by the USDA report+0.6%
Oct 12, 2023USDA Further Trims Its Forecasts for US Corn and Soybeans+9.0%
May 1, 2020Soybean Crush Report - The Jacobsen-2.1%
Jan 20, 2020Soybean: Prices on the rise in the new season | CLAL News-0.9%
Jun 4, 2024Argentina’s soybean sales level is the lowest in the last 6 years+1.8%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

Soybeans SOY · GP ▸

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Soybean Meal SBM · GP ▸

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