# Soybean stocks at record levels - Brownfield Ag News

> USDA data showed record soybean stocks in storage on June 1, up 47% on the year at 1.790 billion bushels. Corn stocks were 5.202 billion bushels and all-wheat stocks were 1.072 billion bushels.

- Date: 2019-06-28 · published 2019-06-28T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/58538-soybean-stocks-at-record-levels-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Record soybean inventories signal weak near-term demand relative to supply, weighing on soybean and soybean meal prices.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2016-11-09 | [USDA raises U.S. corn, soybean ending stocks - Brownfield Ag News](https://feedsoft.ai/events/73820-usda-raises-u-s-corn-soybean-ending-stocks-brownfield-ag-news.md) | -1.6% | +2.5% |
| SOY | 2018-08-10 | [USDA raises new crop U.S. corn, soybean ending stocks - Brownfield Ag News](https://feedsoft.ai/events/63479-usda-raises-new-crop-u-s-corn-soybean-ending-stocks-brownfield-ag-news.md) | -0.3% | -6.3% |
| SOY | 2018-11-08 | [Big changes in U.S. soybean stocks, global corn - Brownfield Ag News](https://feedsoft.ai/events/61982-big-changes-in-u-s-soybean-stocks-global-corn-brownfield-ag-news.md) | +0.3% | +5.6% |
| SOY | 2016-08-25 | [Soybeans, corn down, expecting record crops - Brownfield Ag News](https://feedsoft.ai/events/12395-soybeans-corn-down-expecting-record-crops-brownfield-ag-news.md) | -6.9% | -5.3% |
| SOY | 2019-02-08 | [U.S. Soybean Inventories at Record Levels](https://feedsoft.ai/events/60564-u-s-soybean-inventories-at-record-levels.md) | -1.1% | -3.2% |
| SBM | 2020-09-15 | [Soybeans give back some gains - Brownfield Ag News](https://feedsoft.ai/events/9338-soybeans-give-back-some-gains-brownfield-ag-news.md) | +5.4% | +12.8% |
| SBM | 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) | -9.3% | -13.4% |
| SBM | 2023-12-01 | [Big month for corn grind, soybean crush - Brownfield Ag News](https://feedsoft.ai/events/32796-big-month-for-corn-grind-soybean-crush-brownfield-ag-news.md) | -4.2% | -11.2% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/soybean-stocks-at-record-levels/

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