# With a USDA Shrinking Forecast, Soybean Futures Soared – Schad Commodity

> Soybean futures gained as much as 6.5 cents after USDA cut forecast domestic and world stocks, with heavy domestic crush and lower South American production also cited. The market closed near $10.79 a bushel after giving back about a nickel, and the USDA sees next-season stocks at a three-year low.

- Date: 2016-05-11 · published 2016-05-11T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/6524-with-a-usda-shrinking-forecast-soybean-futures-soared-schad-commodity
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Stocks below expectations plus strong crush demand point to tighter soybean and meal supplies, supporting feed protein prices.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-09-11 | [USDA Lowers Corn and Soybean Forecasts \| AgWired](https://feedsoft.ai/events/50974-usda-lowers-corn-and-soybean-forecasts-agwired.md) | +4.4% | +6.6% |
| SOY | 2020-11-11 | [AgriMarketing.com - Ag Commodity Prices Surge On USDA's Reduced Yield Forecasts](https://feedsoft.ai/events/50096-agrimarketing-com-ag-commodity-prices-surge-on-usda-s-reduced-yield-forecasts.md) | +2.8% | +1.8% |
| SOY | 2026-05-21 | [USDA forecasts tighter soybean supplies](https://feedsoft.ai/events/19295-usda-forecasts-tighter-soybean-supplies.md) | -0.4% | -6.4% |
| SOY | 2023-12-08 | [USDA trims forecast for soybean, wheat supplies \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/32633-usda-trims-forecast-for-soybean-wheat-supplies-agri-pulse-communications-inc.md) | +0.2% | -5.5% |
| SOY | 2023-10-12 | [USDA Further Trims Its Forecasts for US Corn and Soybeans](https://feedsoft.ai/events/13238-usda-further-trims-its-forecasts-for-us-corn-and-soybeans.md) | +4.7% | +7.7% |
| SBM | 2020-09-11 | [USDA Lowers Corn and Soybean Forecasts \| AgWired](https://feedsoft.ai/events/50974-usda-lowers-corn-and-soybean-forecasts-agwired.md) | +6.2% | +15.5% |
| SBM | 2024-05-13 | [Soybean commentary: Futures rebound despite higher USDA stocks forecast - Fastmarkets](https://feedsoft.ai/events/13925-soybean-commentary-futures-rebound-despite-higher-usda-stocks-forecast.md) | -0.2% | -3.0% |
| SBM | 2019-06-12 | [USDA forecast for world soybean meal production reduced — Latifundist.com](https://feedsoft.ai/events/58656-usda-forecast-for-world-soybean-meal-production-reduced-latifundist-com.md) | +2.4% | -1.7% |

## Sources

- schadcommodity.com: https://schadcommodity.com/with-a-usda-shrinking-forecast-soybean-futures-soared/

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