# USDA keeps domestic soy stocks view steady - AgCanada

> The USDA left US soybean ending stocks unchanged at 955 million bushels, above the 945 million analysts expected. It raised its 2018-19 world soybean supply outlook to 115.33 million tonnes, with Brazil's crop raised to 122 million tonnes, while Chinese imports were held at 90 million tonnes.

- Date: 2018-12-11 · published 2018-12-11T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/61511-usda-keeps-domestic-soy-stocks-view-steady-agcanada
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A record world soybean carryout and a large Brazilian crop increase export competition and weigh on soybean and meal prices. Lack of a US-China purchase keeps demand for US beans weak.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-03-09 | [USDA raises U.S. stocks view as Brazil crop threatens exports - AgCanada](https://feedsoft.ai/events/71936-usda-raises-u-s-stocks-view-as-brazil-crop-threatens-exports-agcanada.md) | -1.3% | -6.6% |
| SOY | 2020-05-12 | [Domestic corn, soybean stockpiles swell amid pandemic](https://feedsoft.ai/events/12706-domestic-corn-soybean-stockpiles-swell-amid-pandemic.md) | -0.9% | +1.3% |
| SOY | 2023-04-11 | [USDA Forecasts Steady U.S. Corn and Soybean Supplies](https://feedsoft.ai/events/36342-usda-forecasts-steady-u-s-corn-and-soybean-supplies.md) | +2.0% | -1.2% |
| SOY | 2019-03-29 | [U.S. March Soybean Stocks Hit Record High, USDA Data Drops Markets](https://feedsoft.ai/events/60042-u-s-march-soybean-stocks-hit-record-high-usda-data-drops-markets.md) | +1.9% | -4.0% |
| 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% |
| SBM | 2019-03-29 | [U.S. March Soybean Stocks Hit Record High, USDA Data Drops Markets](https://feedsoft.ai/events/60042-u-s-march-soybean-stocks-hit-record-high-usda-data-drops-markets.md) | +1.8% | -2.2% |
| SBM | 2024-12-24 | [More Soyoil to be Used Domestically in Brazil - AgWeb](https://feedsoft.ai/events/27052-more-soyoil-to-be-used-domestically-in-brazil-agweb.md) | +4.9% | +7.6% |
| 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% |

## Sources

- agcanada.com: https://www.agcanada.com/daily/usda-keeps-domestic-soy-stocks-view-steady

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