# Feed millers in US to return to soy diets

> Brent crude futures fell to negative $37 per barrel at the end of April, and ethanol plant closures have reduced DDGS supply. Animal feed producers are returning to soybean diets as DDGS availability tightens, though soymeal prices are expected to stay lower because exports are not materializing as forecast.

- Date: 2020-05-15 · published 2020-05-15T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/53225-feed-millers-in-us-to-return-to-soy-diets
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [DDGS](https://feedsoft.ai/c/DDGS.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Shifting feed demand toward soymeal supports soybean meal usage while weak export expectations cap its price gains, and the energy-driven ethanol cutback tightens DDGS supply.

## Read by commodity

- SBM: bullish ▲
- WTI: bearish ▼
- DDGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2020-04-09 | [Return to corn-soy diets](https://feedsoft.ai/events/53958-return-to-corn-soy-diets.md) | -0.3% | -3.1% |
| SBM | 2017-05-10 | [Rising demand, evolving markets fueling change in feed business](https://feedsoft.ai/events/71128-rising-demand-evolving-markets-fueling-change-in-feed-business.md) | +0.9% | -3.0% |
| SBM | 2018-05-16 | [‘Start selling so dollars come in,’ Argentine soybean farmers are told](https://feedsoft.ai/events/64865-start-selling-so-dollars-come-in-argentine-soybean-farmers-are-told.md) | -1.3% | -9.1% |
| SBM | 2026-10-29 | [The dollar continues to rise but is at its lowest level in 10 years · SondeAR](https://feedsoft.ai/events/17345-the-dollar-continues-to-rise-but-is-at-its-lowest-level-in-10-years-sondear.md) | -3.3% | — |
| SBM | 2017-09-29 | [Rupiah Hits 10-month Low Against U.S Dollar - The Insiders Stories](https://feedsoft.ai/events/69265-rupiah-hits-10-month-low-against-u-s-dollar-the-insiders-stories.md) | +2.0% | +1.7% |
| WTI | 2020-04-09 | [Return to corn-soy diets](https://feedsoft.ai/events/53958-return-to-corn-soy-diets.md) | -20.7% | -1.1% |
| WTI | 2022-11-22 | [Feedgrain Focus: Rain reignites southern inverse - Beef Central](https://feedsoft.ai/events/38801-feedgrain-focus-rain-reignites-southern-inverse-beef-central.md) | -2.1% | -4.7% |
| WTI | 2020-02-27 | [Oil prices dive to lowest in over a year on coronavirus fears \| Reuters](https://feedsoft.ai/events/7109-oil-prices-dive-to-lowest-in-over-a-year-on-coronavirus-fears-reuters.md) | -3.9% | -55.0% |

## Sources

- tridge.com: https://www.tridge.com/insights/JOL-1DA270AE

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