# USDA Reports Provide Some Surprises

> USDA reports released January 12 showed a US average soybean yield of 49.1 bushels per acre, 0.4 below the prior forecast and trade expectations. December 1 soybean stocks came in 22 million bushels below trade expectations at 3.157 billion bushels. The soybean crush forecast was raised by 10 million bushels, while export forecasts were cut by 65 million bushels.

- Date: 2018-01-01 · published 2018-01-01T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/66854-usda-reports-provide-some-surprises
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Lower yield and stocks below expectations tighten the US soybean balance sheet, which supports soybean prices, while the lower export forecast partly offsets this.

## Read by commodity

- SBM: neutral
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-01-16 | [USDA reports provide some surprises \| Illinois Extension \| Illinois](https://feedsoft.ai/events/66937-usda-reports-provide-some-surprises-illinois-extension-illinois.md) | +4.3% | +6.1% |
| SOY | 2017-01-01 | [USDA Reports Provide Support to Soybean Prices](https://feedsoft.ai/events/72939-usda-reports-provide-support-to-soybean-prices.md) | 0.0% | +2.8% |
| SOY | 2019-09-12 | [USDA Reports Summary](https://feedsoft.ai/events/57011-usda-reports-summary.md) | +4.1% | +8.2% |
| SOY | 2024-11-08 | [USDA Reports Summary](https://feedsoft.ai/events/13133-usda-reports-summary.md) | -2.9% | -2.1% |
| SOY | 2022-02-09 | [USDA Reports Summary](https://feedsoft.ai/events/42673-usda-reports-summary.md) | -1.1% | +7.5% |
| SBM | 2024-11-08 | [USDA Reports Summary](https://feedsoft.ai/events/13133-usda-reports-summary.md) | -3.2% | -5.3% |
| SBM | 2021-05-12 | [USDA Reports Summary](https://feedsoft.ai/events/47039-usda-reports-summary.md) | -7.7% | -12.5% |
| SBM | 2020-07-13 | [July WASDE report has few surprises for soybeans](https://feedsoft.ai/events/52162-july-wasde-report-has-few-surprises-for-soybeans.md) | -1.5% | -3.7% |

## Sources

- doi.org: https://doi.org/10.22004/ag.econ.282801

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