# Soybean Price Potential for 2018

> The USDA October crop production report lowered harvested soybean acreage by 514,000 acres, cutting production by 3 million bushels to 4.689 billion. Yield was raised to 53.1 bushels per acre. Projected 2018-19 ending stocks rose 40 million bushels to 885 million.

- Date: 2018-01-01 · published 2018-01-01T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/67030-soybean-price-potential-for-2018
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Higher projected ending stocks signal a looser U.S. soybean balance, which pressures soybean and soymeal prices despite the slightly smaller crop.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-05-14 | [Sizing Up Potential Downside Risk for New-Crop Corn and Soybean Prices - farmdoc daily](https://feedsoft.ai/events/30287-sizing-up-potential-downside-risk-for-new-crop-corn-and-soybean-prices-farmdoc.md) | +3.5% | -2.3% |
| SOY | 2018-07-17 | [Soybean ending stocks increase for 2018-19](https://feedsoft.ai/events/64003-soybean-ending-stocks-increase-for-2018-19.md) | +2.2% | +2.9% |
| SOY | 2016-12-26 | [6 soybean lessons from 2016](https://feedsoft.ai/events/73327-6-soybean-lessons-from-2016.md) | -0.2% | +6.7% |
| SOY | 2023-09-29 | [It’s been a bad quarter for corn, soybean and wheat prices](https://feedsoft.ai/events/34143-it-s-been-a-bad-quarter-for-corn-soybean-and-wheat-prices.md) | -1.5% | -1.6% |
| SOY | 2018-01-01 | [Large Corn and Soybean Yield Forecasts Hurt Price Prospects](https://feedsoft.ai/events/67026-large-corn-and-soybean-yield-forecasts-hurt-price-prospects.md) | +0.7% | +5.1% |
| SBM | 2016-12-26 | [6 soybean lessons from 2016](https://feedsoft.ai/events/73327-6-soybean-lessons-from-2016.md) | +0.1% | +11.5% |
| SBM | 2018-01-01 | [Large Corn and Soybean Yield Forecasts Hurt Price Prospects](https://feedsoft.ai/events/67026-large-corn-and-soybean-yield-forecasts-hurt-price-prospects.md) | +1.6% | +8.9% |
| SBM | 2017-08-10 | [USDA Forecasts Record-High Soybean Production in 2017](https://feedsoft.ai/events/69299-usda-forecasts-record-high-soybean-production-in-2017.md) | -3.9% | -1.4% |

## Sources

- doi.org: https://doi.org/10.22004/ag.econ.284353

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