# A Clearer Picture of Bean Demand | Red River Farm Network

> Soybean futures traded higher after the May WASDE, with Stewart-Peterson adviser Brian Doherty saying USDA gave a clearer view of soybean demand. The ending stocks figure was well below expectations but within the range of analyst estimates.

- Date: 2018-05-10 · published 2018-05-10T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/64969-a-clearer-picture-of-bean-demand-red-river-farm-network
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A lower-than-expected U.S. soybean carryout supports soybean and meal prices, though the gain was limited because the number sat within the expected range.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-10-01 | [A Bearish Surprise \| Red River Farm Network](https://feedsoft.ai/events/17069-a-bearish-surprise-red-river-farm-network.md) | +0.3% | -5.3% |
| SOY | 2022-03-10 | [Few Surprises in Supply/Demand Report \| Red River Farm Network](https://feedsoft.ai/events/42238-few-surprises-in-supply-demand-report-red-river-farm-network.md) | -2.2% | -4.0% |
| SOY | 2018-06-12 | [June Supply and Demand Report Delivers Positive News \| Red River Farm Network](https://feedsoft.ai/events/64481-june-supply-and-demand-report-delivers-positive-news-red-river-farm-network.md) | -4.7% | -10.6% |
| SOY | 2019-09-30 | [Corn and Soybean Stocks Come In Below Trade Expectations \| Red River Farm Network](https://feedsoft.ai/events/57013-corn-and-soybean-stocks-come-in-below-trade-expectations-red-river-farm-network.md) | +3.8% | +4.2% |
| SOY | 2020-08-24 | [Pro Farmer Recaps Midwest Crop Tour \| Red River Farm Network](https://feedsoft.ai/events/51458-pro-farmer-recaps-midwest-crop-tour-red-river-farm-network.md) | +5.5% | +13.5% |
| SBM | 2019-09-30 | [Corn and Soybean Stocks Come In Below Trade Expectations \| Red River Farm Network](https://feedsoft.ai/events/57013-corn-and-soybean-stocks-come-in-below-trade-expectations-red-river-farm-network.md) | +3.1% | +4.6% |
| SBM | 2020-09-14 | [A Slight Surprise for Soybeans in Friday’s Report \| Red River Farm Network](https://feedsoft.ai/events/51067-a-slight-surprise-for-soybeans-in-friday-s-report-red-river-farm-network.md) | +6.0% | +14.0% |
| 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% |

## Sources

- rrfn.com: https://www.rrfn.com/2018/05/10/a-clearer-picture-of-bean-demand/

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