# A Slight Surprise for Soybeans in Friday’s Report | Red River Farm Network

> Global Commodity Analytics president Mike Zuzolo said the September USDA report surprised on soybeans, with US and world ending stocks at or well below trade estimates. He also questioned USDA's cut to feed use and noted China bought nearly 117 million bushels of soybeans in a weekly export sales report.

- Date: 2020-09-14 · published 2020-09-14T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/51067-a-slight-surprise-for-soybeans-in-friday-s-report-red-river-farm-network
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Lower soybean ending stocks and strong Chinese buying tighten soybean and soymeal supplies, supporting prices. A lower feed use estimate could also understate feed demand.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-10-01 | [A Bearish Surprise \| Red River Farm Network](https://feedsoft.ai/events/17069-a-bearish-surprise-red-river-farm-network.md) | +0.3% | -5.3% |
| SOY | 2022-03-10 | [Few Surprises in Supply/Demand Report \| Red River Farm Network](https://feedsoft.ai/events/42238-few-surprises-in-supply-demand-report-red-river-farm-network.md) | -2.2% | -4.0% |
| SOY | 2020-06-11 | [World Numbers a Bright Spot in USDA Report \| Red River Farm Network](https://feedsoft.ai/events/52554-world-numbers-a-bright-spot-in-usda-report-red-river-farm-network.md) | +0.7% | +3.8% |
| SOY | 2019-09-30 | [Corn and Soybean Stocks Come In Below Trade Expectations \| Red River Farm Network](https://feedsoft.ai/events/57013-corn-and-soybean-stocks-come-in-below-trade-expectations-red-river-farm-network.md) | +3.8% | +4.2% |
| SOY | 2020-09-29 | [USDA’s Approach on Crop Report a ‘Head Scratcher’ \| Red River Farm Network](https://feedsoft.ai/events/51065-usda-s-approach-on-crop-report-a-head-scratcher-red-river-farm-network.md) | +2.5% | +9.2% |
| SBM | 2019-09-30 | [Corn and Soybean Stocks Come In Below Trade Expectations \| Red River Farm Network](https://feedsoft.ai/events/57013-corn-and-soybean-stocks-come-in-below-trade-expectations-red-river-farm-network.md) | +3.1% | +4.6% |
| SBM | 2018-05-10 | [A Clearer Picture of Bean Demand \| Red River Farm Network](https://feedsoft.ai/events/64969-a-clearer-picture-of-bean-demand-red-river-farm-network.md) | -3.2% | -7.9% |
| SBM | 2019-11-11 | [USDA Forecasts Production Declines for Minnesota \| Red River Farm Network](https://feedsoft.ai/events/55892-usda-forecasts-production-declines-for-minnesota-red-river-farm-network.md) | +0.7% | -2.7% |

## Sources

- rrfn.com: https://www.rrfn.com/2020/09/14/a-slight-surprise-for-soybeans-in-fridays-report/

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