# U.S. Soybean Inventories at Record Levels

> U.S. soybean stocks on December 1 reached a record 3.736 billion bushels as demand faded amid the US-China trade war. USDA trimmed its 2018 soybean crop to 4.544 billion bushels. Corn stocks of 11.952 billion bushels came in below expectations, and wheat stocks rose to 1.999 billion bushels.

- Date: 2019-02-08 · published 2019-02-08T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/60564-u-s-soybean-inventories-at-record-levels
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Record soybean stocks signal weak export demand and bearish pressure on soybean and meal prices until trade relations improve. Lower corn stocks are supportive for feed corn.

## Read by commodity

- SOY: bearish ▼
- CORN: bullish ▲
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-06-28 | [Soybean stocks at record levels - Brownfield Ag News](https://feedsoft.ai/events/58538-soybean-stocks-at-record-levels-brownfield-ag-news.md) | -1.7% | -0.5% |
| SOY | 2016-09-12 | [USDA Still Sees Record Corn, Soybean Crops](https://feedsoft.ai/events/10185-usda-still-sees-record-corn-soybean-crops.md) | -3.1% | -4.1% |
| SOY | 2024-08-12 | [USDA Forecasts Record Soybean Crop](https://feedsoft.ai/events/28713-usda-forecasts-record-soybean-crop.md) | -8.7% | -2.7% |
| SOY | 2023-05-12 | [USDA Predicts Record Corn, Soybean Crops](https://feedsoft.ai/events/5016-usda-predicts-record-corn-soybean-crops.md) | -7.6% | -3.9% |
| SOY | 2024-08-22 | [Record US soybean crop forecast in 2024 \| World Grain](https://feedsoft.ai/events/28788-record-us-soybean-crop-forecast-in-2024-world-grain.md) | -0.5% | +5.2% |
| CORN | 2025-01-13 | [Cuts to US and global corn and soy inventory forecasts](https://feedsoft.ai/events/26455-cuts-to-us-and-global-corn-and-soy-inventory-forecasts.md) | +1.7% | +1.8% |
| CORN | 2022-08-12 | [USDA Lowers Corn Production, Increases Soybean Production in August Reports](https://feedsoft.ai/events/39956-usda-lowers-corn-production-increases-soybean-production-in-august-reports.md) | -0.7% | -1.6% |
| CORN | 2016-12-08 | [WEEKLY EXPORT REPORT: Corn, soybean, wheat sales increase](https://feedsoft.ai/events/73338-weekly-export-report-corn-soybean-wheat-sales-increase.md) | +0.9% | +0.3% |

## Sources

- maritimeprofessional.com: https://www.maritimeprofessional.com/news/soybean-inventories-record-levels-342648

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