# Tracking the Pace of Soybean Consumption

> A farmdoc daily outlook says that recent US-China trade negotiations supported soybean prices and raised hopes of cutting the 910 million bushel ending stock projection. It also reports that crush through January is near 896 million bushels, with USDA's full-year projection requiring a slower pace over the remaining months.

- Date: 2019-01-01 · published 2019-01-01T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/61195-tracking-the-pace-of-soybean-consumption
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Strong crush and hopes for China buying could tighten US soybean stocks, which supports soybean prices, though meeting USDA's crush forecast requires a slowdown in the remaining months.

## Read by commodity

- SBM: neutral
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-11-09 | [Is the US Out of Soybeans?](https://feedsoft.ai/events/50181-is-the-us-out-of-soybeans.md) | +3.9% | +5.5% |
| SOY | 2020-01-20 | [Soybean: Prices on the rise in the new season \| CLAL News](https://feedsoft.ai/events/55116-soybean-prices-on-the-rise-in-the-new-season-clal-news.md) | -3.5% | -4.0% |
| SOY | 2020-10-09 | [USDA Lowers Soybean Ending Stocks, Trims Production](https://feedsoft.ai/events/50595-usda-lowers-soybean-ending-stocks-trims-production.md) | +1.2% | +4.9% |
| SOY | 2023-03-08 | [USDA Trims Soybean Ending Stocks, Bumps Up Corn](https://feedsoft.ai/events/36817-usda-trims-soybean-ending-stocks-bumps-up-corn.md) | -1.7% | -0.5% |
| SOY | 2020-05-01 | [Soybean Crush Report - The Jacobsen](https://feedsoft.ai/events/53216-soybean-crush-report-the-jacobsen.md) | -1.0% | -1.1% |
| SBM | 2025-04-30 | [US soybean oil consumption for RD production hits all-time low](https://feedsoft.ai/events/25203-us-soybean-oil-consumption-for-rd-production-hits-all-time-low.md) | -1.5% | +1.2% |
| SBM | 2020-03-09 | [The Pace of Soybean Use \|
         Ag Notes \| 
        Illinois Public Media](https://feedsoft.ai/events/54227-the-pace-of-soybean-use-ag-notes-illinois-public-media.md) | -1.8% | +0.6% |
| SBM | 2024-06-13 | [Three Things Currently Impacting The Soybean Market](https://feedsoft.ai/events/29785-three-things-currently-impacting-the-soybean-market.md) | -0.9% | +0.3% |

## Sources

- doi.org: https://doi.org/10.22004/ag.econ.298509

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