# Soybean Demand Remains Uncertain - ProAg

> USDA's first 2020-21 projections put US soybean ending stocks at 580 million bushels for 2019-20 after a 100 million bushel export cut, and at about 405 million for 2020-21 with production of 4.125 billion bushels and yield of 49.8 bu/acre. April NOPA crush totals of 171.7 million bushels were strong.

- Date: 2020-05-19 · published 2020-05-19T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/53221-soybean-demand-remains-uncertain-proag
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Projected falling 2020-21 stocks and steady crush support soybean prices, though exports and weather remain uncertain.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-01-17 | [Demand for U.S. Soy Remains Strong Near Term - U.S. Soybean Export Council](https://feedsoft.ai/events/10666-demand-for-u-s-soy-remains-strong-near-term-u-s-soybean-export-council.md) | -3.1% | +0.3% |
| SOY | 2017-10-16 | [Soybean demand sparks market rally](https://feedsoft.ai/events/68490-soybean-demand-sparks-market-rally.md) | -2.1% | -2.3% |
| SOY | 2019-11-19 | [Soybean Crush Prospects - ProAg](https://feedsoft.ai/events/56130-soybean-crush-prospects-proag.md) | -2.0% | +2.0% |
| SOY | 2025-03-24 | [China’s soybean demand, crush projected to grow \| World Grain](https://feedsoft.ai/events/25571-china-s-soybean-demand-crush-projected-to-grow-world-grain.md) | +1.3% | +2.0% |
| SOY | 2020-08-18 | [Soybeans Rally Despite Record Yield Forecast - ProAg](https://feedsoft.ai/events/11343-soybeans-rally-despite-record-yield-forecast-proag.md) | -1.4% | +8.7% |
| SBM | 2023-01-17 | [Demand for U.S. Soy Remains Strong Near Term - U.S. Soybean Export Council](https://feedsoft.ai/events/10666-demand-for-u-s-soy-remains-strong-near-term-u-s-soybean-export-council.md) | -8.4% | -1.6% |
| SBM | 2017-10-16 | [Soybean demand sparks market rally](https://feedsoft.ai/events/68490-soybean-demand-sparks-market-rally.md) | -2.3% | -3.1% |
| SBM | 2019-11-19 | [Soybean Crush Prospects - ProAg](https://feedsoft.ai/events/56130-soybean-crush-prospects-proag.md) | -1.0% | +0.4% |

## Sources

- proag.com: https://www.proag.com/news/soybean-demand-remains-uncertain/

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