# USDA Projects Rise in World Oilseed Production, Expects Higher Consumption, Reduces Ending Stock Estimates

> The USDA projects world oilseed production to rise 5% in 2020-21 to a record 605.9 million tonnes, with soybean output up 26.6 million tonnes to a record 362.8 million. Global oilseed consumption is forecast to grow 2%, the fastest pace since 2017/18, helped by recovering Chinese feed demand after African swine fever.

- Date: 2020-05-13 · published 2020-05-13T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/53251-usda-projects-rise-in-world-oilseed-production-expects-higher-consumption
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Record supply is bearish for oilseed prices, but stronger consumption and reduced ending stocks partly offset that and support meal demand for feed.

## Read by commodity

- SBM: bullish ▲
- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-03-22 | [Canada’s oilseed production expected to increase 6%  \| World Grain](https://feedsoft.ai/events/48112-canada-s-oilseed-production-expected-to-increase-6-world-grain.md) | -1.1% | +2.4% |
| SOY | 2020-07-20 | [India oilseed production on the rise \| 2020-07-20  \| World Grain](https://feedsoft.ai/events/52220-india-oilseed-production-on-the-rise-2020-07-20-world-grain.md) | +0.8% | +0.6% |
| SOY | 2024-12-10 | [USDA Reduces U.S. Corn Ending Stocks More Than Expected](https://feedsoft.ai/events/26900-usda-reduces-u-s-corn-ending-stocks-more-than-expected.md) | -0.8% | -0.3% |
| SOY | 2022-02-09 | [PF Report Reaction: U.S. ending stocks higher than expected - Pro Farmer](https://feedsoft.ai/events/42675-pf-report-reaction-u-s-ending-stocks-higher-than-expected-pro-farmer.md) | -1.1% | +7.5% |
| SOY | 2021-05-13 | [USDA increases soybean product ending stocks estimates - Brownfield Ag News](https://feedsoft.ai/events/47160-usda-increases-soybean-product-ending-stocks-estimates-brownfield-ag-news.md) | -7.4% | -7.0% |
| SBM | 2024-03-12 | [USDA experts have adjusted forecasts for world production of oils and meals](https://feedsoft.ai/events/31302-usda-experts-have-adjusted-forecasts-for-world-production-of-oils-and-meals.md) | -1.9% | -2.2% |
| SBM | 2019-06-12 | [USDA forecast for world soybean meal production reduced — Latifundist.com](https://feedsoft.ai/events/58656-usda-forecast-for-world-soybean-meal-production-reduced-latifundist-com.md) | +2.4% | -1.7% |
| SBM | 2024-05-10 | [USDA Lowers Estimates for Brazil Corn and Soy Production](https://feedsoft.ai/events/30215-usda-lowers-estimates-for-brazil-corn-and-soy-production.md) | -0.6% | -2.8% |

## Sources

- krishijagran.com: https://krishijagran.com/agriculture-world/usda-projects-rise-in-world-oilseed-production-expects-higher-consumption-reduces-ending-stock-estimates/

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