# Soybean-to-corn price ratio signals increasing soybean profitability | Economic Research Service

> USDA's Economic Research Service reports the soybean-to-corn price ratio rose from 2.64 to 2.71 since late June, a 2.5% increase. The shift follows lower-than-expected corn plantings in the June Acreage report and expectations of higher corn yields.

- Date: 2020-08-24 · published 2020-08-24T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/51644-soybean-to-corn-price-ratio-signals-increasing-soybean-profitability-economic
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A rising soybean-to-corn ratio signals farmers may favor soybean acreage over corn, which could tighten future corn supply and shift feed ingredient balances toward soymeal.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-07-17 | [U.S. agricultural exports to China to increase in FY 2020 despite COVID-19 slowdown \| Economic Research Service](https://feedsoft.ai/events/51980-u-s-agricultural-exports-to-china-to-increase-in-fy-2020-despite-covid-19.md) | +1.4% | +1.5% |
| SOY | 2016-12-08 | [WEEKLY EXPORT REPORT: Corn, soybean, wheat sales increase](https://feedsoft.ai/events/73338-weekly-export-report-corn-soybean-wheat-sales-increase.md) | -2.4% | -6.0% |
| SOY | 2026-04-23 | [Ukraine increases soybean processing but faces pressure from world prices](https://feedsoft.ai/events/12288-ukraine-increases-soybean-processing-but-faces-pressure-from-world-prices.md) | +1.5% | +3.0% |
| SOY | 2022-11-10 | [Economist's Angle: Soybean Processing Growth Is Crushing It - American Soybean Association](https://feedsoft.ai/events/15359-economist-s-angle-soybean-processing-growth-is-crushing-it-american-soybean.md) | -2.1% | +1.8% |
| SOY | 2023-11-03 | [Increased Renewable Diesel Production is Attracting Competition for Soybean Oil](https://feedsoft.ai/events/15258-increased-renewable-diesel-production-is-attracting-competition-for-soybean-oil.md) | +1.8% | +1.6% |
| CORN | 2022-02-07 | [Farm Prices for U.S. Major Field Crops Projected To Decline \| Economic Research Service](https://feedsoft.ai/events/14958-farm-prices-for-u-s-major-field-crops-projected-to-decline-economic-research.md) | +3.8% | +17.4% |
| CORN | 2023-02-09 | [Declining Crop Prices, Rising Production and Exports Highlight U.S. Agricultural Projections to 2032 \| Economic Research Service](https://feedsoft.ai/events/13299-declining-crop-prices-rising-production-and-exports-highlight-u-s-agricultural.md) | -1.3% | -5.2% |
| CORN | 2023-06-12 | [USDA Increases Corn, Soybean, Wheat Ending Stocks - ProAg](https://feedsoft.ai/events/35444-usda-increases-corn-soybean-wheat-ending-stocks-proag.md) | +6.8% | -3.2% |

## Sources

- ers.usda.gov: https://www.ers.usda.gov/data-products/charts-of-note/chart-detail?chartId=99187

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