# The forecast increase in soybean production will increase pressure on oilseed prices in the new season

> USDA's June report cut 2019/20 global soybean stocks by 0.9 million tonnes and raised consumption by 1 million tonnes, lowering 2020/21 ending stocks by 2 million tonnes. Oil World projects 2020/21 global soybean output at 363.4 million tonnes, 26.5 million tonnes above the prior year, with Chinese import demand rising.

- Date: 2020-06-15 · published 2020-06-15T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/52737-the-forecast-increase-in-soybean-production-will-increase-pressure-on-oilseed
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Oil World's larger supply forecast and higher expected Chinese imports point to ample soybean supply, pressuring soybean prices despite the tighter USDA balance sheet.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-04-10 | [USDA slightly raised its forecast for global oilseed production, so prices remain under pressure from increased supply](https://feedsoft.ai/events/19842-usda-slightly-raised-its-forecast-for-global-oilseed-production-so-prices.md) | -0.1% | +1.0% |
| SOY | 2022-09-01 | [Conab forecasts increased soybean, corn, and cotton production in Brazil](https://feedsoft.ai/events/13701-conab-forecasts-increased-soybean-corn-and-cotton-production-in-brazil.md) | -2.5% | -6.4% |
| SOY | 2018-08-21 | [In the new season will increase the demand for canola and canola](https://feedsoft.ai/events/63518-in-the-new-season-will-increase-the-demand-for-canola-and-canola.md) | -5.3% | -7.7% |
| SOY | 2024-12-11 | [Forecast for U.S. Oilseed Production in 2024–2025 – Market-Tracker](https://feedsoft.ai/events/27058-forecast-for-u-s-oilseed-production-in-2024-2025-market-tracker.md) | -1.8% | -0.3% |
| SOY | 2017-08-10 | [USDA Forecasts Record-High Soybean Production in 2017](https://feedsoft.ai/events/69299-usda-forecasts-record-high-soybean-production-in-2017.md) | -4.3% | +0.0% |
| SBM | 2026-04-10 | [USDA slightly raised its forecast for global oilseed production, so prices remain under pressure from increased supply](https://feedsoft.ai/events/19842-usda-slightly-raised-its-forecast-for-global-oilseed-production-so-prices.md) | +4.4% | +2.0% |
| SBM | 2020-08-12 | [India oilseed production forecast to rise](https://feedsoft.ai/events/51723-india-oilseed-production-forecast-to-rise.md) | +5.0% | +10.2% |
| SBM | 2022-09-01 | [Conab forecasts increased soybean, corn, and cotton production in Brazil](https://feedsoft.ai/events/13701-conab-forecasts-increased-soybean-corn-and-cotton-production-in-brazil.md) | -4.6% | -6.4% |

## Sources

- graintrade.com.ua: https://graintrade.com.ua/en/novosti/prognoz-naroshuvannya-virobnitctva-soi-posilit-tisk-na-tcini-na-olijni-u-novomu-sezoni.html

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