# The Pace of Soybean Use |
         Ag Notes | 
        Illinois Public Media

> The USDA's soybean ending stocks forecast stands at 425 million bushels, with little change expected in the upcoming WASDE report. January soybean crush set a monthly record of 188.78 million bushels, and higher Argentine export taxes have bolstered crush expectations, while coronavirus may limit meat demand later in 2020.

- Date: 2020-03-09 · published 2020-03-09T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/54227-the-pace-of-soybean-use-ag-notes-illinois-public-media
- 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

Strong crush supports soymeal supply and demand, but expected weakness in meat demand from the virus could cap upside in soybean meal prices later in the year.

## Read by commodity

- SBM: neutral
- SBO: neutral
- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-04-15 | [Good Yields! Yes but a Warning \| an interview with Gary Schnitkey \|
         Ag Notes \| 
        Illinois Public Media](https://feedsoft.ai/events/59443-good-yields-yes-but-a-warning-an-interview-with-gary-schnitkey-ag-notes.md) | -2.0% | -11.6% |
| SOY | 2026-02-25 | [Illinois grew more soybeans than any other state in 2025 \| Northern Public Radio: WNIJ and WNIU](https://feedsoft.ai/events/13019-illinois-grew-more-soybeans-than-any-other-state-in-2025-northern-public-radio.md) | +1.4% | +1.4% |
| SOY | 2017-02-22 | [RPT-COLUMN-Soybean bulls may not find a friend in U.S. crush -Braun - Times of India](https://feedsoft.ai/events/72572-rpt-column-soybean-bulls-may-not-find-a-friend-in-u-s-crush-braun-times-of-india.md) | -0.1% | -2.4% |
| SOY | 2017-09-19 | [Corn and soybean production outlook in 2017-18 \| Illinois Extension \| Illinois](https://feedsoft.ai/events/68799-corn-and-soybean-production-outlook-in-2017-18-illinois-extension-illinois.md) | +0.4% | +2.4% |
| SOY | 2019-04-05 | [Rain makes grain: Why 3 Illinois counties led nation in soybeans](https://feedsoft.ai/events/59445-rain-makes-grain-why-3-illinois-counties-led-nation-in-soybeans.md) | -1.2% | -8.5% |
| SBM | 2018-05-07 | [Soybean Crush Continues Strength \|
         Ag Notes \| 
        Illinois Public Media](https://feedsoft.ai/events/65104-soybean-crush-continues-strength-ag-notes-illinois-public-media.md) | -3.0% | -6.5% |
| SBM | 2019-01-01 | [Tracking the Pace of Soybean Consumption](https://feedsoft.ai/events/61195-tracking-the-pace-of-soybean-consumption.md) | +3.7% | +1.6% |
| SBM | 2017-09-19 | [Corn and soybean production outlook in 2017-18 \| Illinois Extension \| Illinois](https://feedsoft.ai/events/68799-corn-and-soybean-production-outlook-in-2017-18-illinois-extension-illinois.md) | +0.4% | +5.0% |

## Sources

- will.illinois.edu: https://will.illinois.edu/agriculture/note/the-pace-of-soybean-use

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