# USDA reports provide some surprises | Illinois Extension | Illinois

> University of Illinois analysts summarized the January 12 USDA reports, noting a lower-than-expected U.S. soybean yield of 49.1 bushels per acre and a 2017 soybean production estimate of 4.392 billion bushels. December 1 soybean stocks were 22 million bushels below trade expectations.

- Date: 2018-01-16 · published 2018-01-16T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/66937-usda-reports-provide-some-surprises-illinois-extension-illinois
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A smaller soybean crop and tighter-than-expected stocks support soybean prices, which feeds into soybean meal costs for livestock feeders.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-01-01 | [USDA Reports Provide Some Surprises](https://feedsoft.ai/events/66854-usda-reports-provide-some-surprises.md) | +0.7% | +5.1% |
| 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 | 2019-06-28 | [USDA Reports Surprise Sends Corn Market Reeling](https://feedsoft.ai/events/58539-usda-reports-surprise-sends-corn-market-reeling.md) | -1.7% | -0.5% |
| SOY | 2017-01-13 | [Biggest Surprises of January USDA Reports Seen in Soybean Estimates](https://feedsoft.ai/events/11022-biggest-surprises-of-january-usda-reports-seen-in-soybean-estimates.md) | +3.4% | +2.6% |
| SOY | 2021-01-12 | [Grain prices soar on bullish USDA reports](https://feedsoft.ai/events/49089-grain-prices-soar-on-bullish-usda-reports.md) | +0.8% | +2.0% |
| SBM | 2017-01-01 | [USDA Reports Provide Support to Soybean Prices](https://feedsoft.ai/events/72939-usda-reports-provide-support-to-soybean-prices.md) | -1.0% | +6.9% |
| SBM | 2019-06-28 | [USDA Reports Surprise Sends Corn Market Reeling](https://feedsoft.ai/events/58539-usda-reports-surprise-sends-corn-market-reeling.md) | -2.7% | -2.9% |
| SBM | 2020-06-11 | [USDA Releases June Crop Production, WASDE Reports](https://feedsoft.ai/events/52459-usda-releases-june-crop-production-wasde-reports.md) | -0.3% | +2.2% |

## Sources

- extension.illinois.edu: https://extension.illinois.edu/news-releases/usda-reports-provide-some-surprises

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