# Soybean prices expected to fall despite growing demand | Feed Strategy

> USDA's first projections for the coming crop year put soybeans near $8.20 per bushel, about 30 cents lower than last year, and soybean meal at about $290 per short ton. Soybean demand is projected to grow faster than production, but large carryover stocks and a slowing economy keep prices under pressure.

- Date: 2020-05-26 · published 2020-05-26T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/53461-soybean-prices-expected-to-fall-despite-growing-demand-feed-strategy
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Projected lower soybean and meal prices give feed buyers cheaper protein inputs, while soybean oil is forecast slightly higher.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-10-28 | [Corn Soybean Prices Dip as US Harvest Exceeds Expectations \| Feed Strategy](https://feedsoft.ai/events/67-corn-soybean-prices-dip-as-us-harvest-exceeds-expectations-feed-strategy.md) | -1.6% | — |
| SOY | 2021-11-30 | [Falling demand for soybean meal expected in EU — Latifundist.com](https://feedsoft.ai/events/12233-falling-demand-for-soybean-meal-expected-in-eu-latifundist-com.md) | +1.6% | +9.5% |
| SOY | 2022-06-14 | [China’s Soybean Demand Set to Fall Short Term, Grow Long Term \| CZ app](https://feedsoft.ai/events/40918-china-s-soybean-demand-set-to-fall-short-term-grow-long-term-cz-app.md) | -1.6% | -7.0% |
| SOY | 2023-08-14 | [Soybean prices decline despite cuts to US crop – WASDE update](https://feedsoft.ai/events/5615-soybean-prices-decline-despite-cuts-to-us-crop-wasde-update.md) | -2.7% | -3.5% |
| SOY | 2019-06-28 | [U.S. corn plantings top expectations despite floods; prices sink](https://feedsoft.ai/events/58537-u-s-corn-plantings-top-expectations-despite-floods-prices-sink.md) | -1.7% | -0.5% |
| SBM | 2026-10-28 | [Corn Soybean Prices Dip as US Harvest Exceeds Expectations \| Feed Strategy](https://feedsoft.ai/events/67-corn-soybean-prices-dip-as-us-harvest-exceeds-expectations-feed-strategy.md) | -3.8% | — |
| SBM | 2021-11-30 | [Falling demand for soybean meal expected in EU — Latifundist.com](https://feedsoft.ai/events/12233-falling-demand-for-soybean-meal-expected-in-eu-latifundist-com.md) | +2.7% | +16.6% |
| SBM | 2022-06-14 | [China’s Soybean Demand Set to Fall Short Term, Grow Long Term \| CZ app](https://feedsoft.ai/events/40918-china-s-soybean-demand-set-to-fall-short-term-grow-long-term-cz-app.md) | +4.6% | +12.7% |

## Sources

- feedstrategy.com: https://www.feedstrategy.com/animal-health-veterinary/african-swine-fever/article/15441357/soybean-prices-expected-to-fall-despite-growing-demand

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