# USDA slashes soy supply view; prices surge - Agweek | #1 source for agriculture news, farming, markets

> USDA projected world and U.S. soybean supplies would be tighter than expected for the next two years, citing reduced South American harvests and rising demand. It cut Argentina's soy output by 2.5 million tonnes and Brazil's by 1 million tonnes, and soybean futures surged about 4.5% to their highest since 2014.

- Date: 2016-05-09 · published 2016-05-09T12:00:00.000Z
- Category: report · region Global · magnitude high
- Page: https://feedsoft.ai/events/6519-usda-slashes-soy-supply-view-prices-surge-agweek-1-source-for-agriculture-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Lower South American exports tighten global soymeal and soybean supply, supporting feed protein prices.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-01-22 | [Post-USDA report fallout in markets - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/72940-post-usda-report-fallout-in-markets-agweek-1-source-for-agriculture-news.md) | -1.7% | -3.3% |
| SOY | 2023-01-12 | [U.S. reduces corn, soybean harvest views - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/13310-u-s-reduces-corn-soybean-harvest-views-agweek-1-source-for-agriculture-news.md) | -0.0% | +0.3% |
| SOY | 2017-10-15 | [WASDE Report surprises soybean market - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/68415-wasde-report-surprises-soybean-market-agweek-1-source-for-agriculture-news.md) | -2.1% | -2.3% |
| SOY | 2024-11-21 | [USDA's lower ending stocks boost markets briefly - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/6062-usda-s-lower-ending-stocks-boost-markets-briefly-agweek-1-source-for.md) | -0.2% | -2.8% |
| SOY | 2022-06-10 | [U.S. cuts soy supply outlook, raises corn, wheat stocks view in June WASDE - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/40893-u-s-cuts-soy-supply-outlook-raises-corn-wheat-stocks-view-in-june-wasde-agweek.md) | -3.4% | -7.2% |
| SBM | 2023-01-12 | [U.S. reduces corn, soybean harvest views - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/13310-u-s-reduces-corn-soybean-harvest-views-agweek-1-source-for-agriculture-news.md) | -4.3% | -4.2% |
| SBM | 2022-06-10 | [U.S. cuts soy supply outlook, raises corn, wheat stocks view in June WASDE - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/40893-u-s-cuts-soy-supply-outlook-raises-corn-wheat-stocks-view-in-june-wasde-agweek.md) | +0.3% | +7.6% |
| SBM | 2016-05-11 | [Soy edges toward 21-month high as supplies tighten - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/6521-soy-edges-toward-21-month-high-as-supplies-tighten-agweek-1-source-for.md) | +2.4% | +15.7% |

## Sources

- agweek.com: https://www.agweek.com/business/usda-slashes-soy-supply-view-prices-surge

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