# 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.

- Date: 2020-11-09 · published 2020-11-09T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/50181-is-the-us-out-of-soybeans
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## 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.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-03-30 | [The soybean market is shocked by the USDA report](https://feedsoft.ai/events/66080-the-soybean-market-is-shocked-by-the-usda-report.md) | -1.1% | +0.0% |
| SOY | 2019-01-01 | [Tracking the Pace of Soybean Consumption](https://feedsoft.ai/events/61195-tracking-the-pace-of-soybean-consumption.md) | +2.7% | +4.4% |
| SOY | 2019-02-22 | [China bulks up on U.S. soybeans](https://feedsoft.ai/events/60473-china-bulks-up-on-u-s-soybeans.md) | -1.5% | -0.1% |
| SOY | 2025-01-10 | [Soybeans Post Rally on USDA Data Day](https://feedsoft.ai/events/8105-soybeans-post-rally-on-usda-data-day.md) | +2.7% | +5.8% |
| SOY | 2018-04-10 | [Soybeans rally on USDA report, exports](https://feedsoft.ai/events/65483-soybeans-rally-on-usda-report-exports.md) | -0.5% | -4.3% |
| SBM | 2018-03-30 | [The soybean market is shocked by the USDA report](https://feedsoft.ai/events/66080-the-soybean-market-is-shocked-by-the-usda-report.md) | +0.6% | +2.4% |
| SBM | 2023-10-12 | [USDA Further Trims Its Forecasts for US Corn and Soybeans](https://feedsoft.ai/events/13238-usda-further-trims-its-forecasts-for-us-corn-and-soybeans.md) | +9.0% | +19.9% |
| SBM | 2020-05-01 | [Soybean Crush Report - The Jacobsen](https://feedsoft.ai/events/53216-soybean-crush-report-the-jacobsen.md) | -2.1% | -2.2% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2020/11/06/us-soybeans

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