# USDA forecast for world soybean meal production reduced — Latifundist.com

> USDA's June report lowered its 2019/20 world soybean meal production forecast to 241.51 million tonnes, 0.21 million tonnes below the prior estimate. World meal exports were trimmed slightly to 68.75 million tonnes, while ending stocks were unchanged at 12.09 million tonnes.

- Date: 2019-06-12 · published 2019-06-12T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/58656-usda-forecast-for-world-soybean-meal-production-reduced-latifundist-com
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A slightly smaller world meal supply and reduced export forecast modestly support meal prices for feed buyers.

## Read by commodity

- SBM: bullish ▲
- SBO: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2018-03-14 | [Argentina soybean production forecast down 13% \| World-grain.com \| March 14, 2018 19:51 \| World Grain](https://feedsoft.ai/events/65848-argentina-soybean-production-forecast-down-13-world-grain-com-march-14-2018-19.md) | -2.8% | +2.1% |
| 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 | 2023-08-11 | [USDA Lowers Corn and Soybean Yields and Production](https://feedsoft.ai/events/12250-usda-lowers-corn-and-soybean-yields-and-production.md) | -5.6% | -6.0% |
| SBM | 2019-11-11 | [USDA Forecasts Production Declines for Minnesota \| Red River Farm Network](https://feedsoft.ai/events/55892-usda-forecasts-production-declines-for-minnesota-red-river-farm-network.md) | +0.7% | -2.7% |
| SBM | 2020-09-11 | [USDA Lowers Corn and Soybean Forecasts \| AgWired](https://feedsoft.ai/events/50974-usda-lowers-corn-and-soybean-forecasts-agwired.md) | +6.2% | +15.5% |
| SBO | 2018-03-14 | [Argentina soybean production forecast down 13% \| World-grain.com \| March 14, 2018 19:51 \| World Grain](https://feedsoft.ai/events/65848-argentina-soybean-production-forecast-down-13-world-grain-com-march-14-2018-19.md) | -0.9% | -1.5% |
| SBO | 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) | +4.0% | +3.7% |
| SBO | 2023-02-09 | [USDA maintains forecast for soybean oil use in biofuel production \| Biomass Magazine](https://feedsoft.ai/events/37423-usda-maintains-forecast-for-soybean-oil-use-in-biofuel-production-biomass.md) | +1.5% | -0.1% |

## Sources

- latifundist.com: https://latifundist.com/en/novosti/44941-eksperty-snizili-prognoz-mirovogo-proizvodstva-soevogo-zhmyha

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