# USDA Lowers Soybean Ending Stocks, Trims Production

> USDA's October report cut 2020/21 soybean ending stocks to 290 million bushels, down 170 million from September and slightly above the lowest pre-report estimate. The report also trimmed production by 45 million bushels on lower harvested acres, while raising exports by 75 million bushels.

- Date: 2020-10-09 · published 2020-10-09T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/50595-usda-lowers-soybean-ending-stocks-trims-production
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A sharply lower soybean carryout with higher export demand tightens the balance sheet and supports soybean and soymeal prices.

## Read by commodity

- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-03-08 | [USDA Trims Soybean Ending Stocks, Bumps Up Corn](https://feedsoft.ai/events/36817-usda-trims-soybean-ending-stocks-bumps-up-corn.md) | -1.7% | -0.5% |
| SOY | 2020-11-10 | [USDA Lowers Corn, Soybean and Wheat Ending Stocks](https://feedsoft.ai/events/50091-usda-lowers-corn-soybean-and-wheat-ending-stocks.md) | +4.4% | +3.7% |
| SOY | 2023-08-11 | [USDA Lowers Corn and Soybean Yields and Production](https://feedsoft.ai/events/12250-usda-lowers-corn-and-soybean-yields-and-production.md) | -5.3% | -4.4% |
| SOY | 2019-09-12 | [USDA Lowers Corn, Soybean Production and Yield - ProAg](https://feedsoft.ai/events/9896-usda-lowers-corn-soybean-production-and-yield-proag.md) | +4.1% | +8.2% |
| SOY | 2023-03-08 | [USDA Crop Production Report Out Today: Lower Soybean Ending Stocks and Higher Corn - Oklahoma Farm Report](https://feedsoft.ai/events/36821-usda-crop-production-report-out-today-lower-soybean-ending-stocks-and-higher.md) | -1.7% | -0.5% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2020/10/09/usda-releases-october-crop-wasde

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