# Prospects for soybean demand - Morning Ag Clips

> Univ. of Illinois economist Todd Hubbs says soybean price direction through harvest depends on demand prospects, since acreage and yield uncertainty dominate. USDA lowered 2018-19 crush by 15 million bushels to 2.085 billion, and exports are estimated at 1.7 billion bushels, down 434 million year on year.

- Date: 2019-07-31 · published 2019-07-31T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/58126-prospects-for-soybean-demand-morning-ag-clips
- 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

A weaker crush and sharply lower exports point to ample soybean and meal supplies, which is bearish for soymeal prices. Price strength would require strong demand, especially from China, over the coming year.

## Read by commodity

- SBM: bearish ▼
- SBO: neutral
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-01-01 | [Large Corn and Soybean Yield Forecasts Hurt Price Prospects](https://feedsoft.ai/events/67026-large-corn-and-soybean-yield-forecasts-hurt-price-prospects.md) | +0.7% | +5.1% |
| 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 | 2022-08-12 | [USDA Projects Higher Soybean Yield, Lower Demand](https://feedsoft.ai/events/39955-usda-projects-higher-soybean-yield-lower-demand.md) | -12.5% | -12.9% |
| SOY | 2021-11-24 | [USDA cuts U.S. ag export forecast amid weaker soybean demand](https://feedsoft.ai/events/14976-usda-cuts-u-s-ag-export-forecast-amid-weaker-soybean-demand.md) | -3.5% | +4.4% |
| SOY | 2022-11-09 | [USDA Projects Higher Corn and Soybean Supply](https://feedsoft.ai/events/38641-usda-projects-higher-corn-and-soybean-supply.md) | +0.9% | +1.9% |
| SBM | 2018-01-01 | [Large Corn and Soybean Yield Forecasts Hurt Price Prospects](https://feedsoft.ai/events/67026-large-corn-and-soybean-yield-forecasts-hurt-price-prospects.md) | +1.6% | +8.9% |
| 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 | 2022-08-12 | [USDA Projects Higher Soybean Yield, Lower Demand](https://feedsoft.ai/events/39955-usda-projects-higher-soybean-yield-lower-demand.md) | -10.9% | -15.4% |

## Sources

- morningagclips.com: https://www.morningagclips.com/prospects-for-soybean-demand/
- proag.com: https://www.proag.com/news/prospects-for-soybean-demand/

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