# Soybean demand sparks market rally

> Darin Newsom of DTN says U.S. soybean demand continues to draw down supplies even though farmers are on track for a record crop. In its monthly supply and demand report, USDA reduced soybean ending stocks for 2017-18.

- Date: 2017-10-16 · published 2017-10-16T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/68490-soybean-demand-sparks-market-rally
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Lower projected ending stocks tighten the U.S. soybean balance sheet, which is supportive for soybean and soymeal prices.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-09-12 | [WASDE sparks a corn, soybean rally – The Seam](https://feedsoft.ai/events/39609-wasde-sparks-a-corn-soybean-rally-the-seam.md) | -2.7% | -8.2% |
| SOY | 2020-05-19 | [Soybean Demand Remains Uncertain - ProAg](https://feedsoft.ai/events/53221-soybean-demand-remains-uncertain-proag.md) | +0.2% | +2.6% |
| SOY | 2017-01-13 | [Does the soybean rally have legs?](https://feedsoft.ai/events/72941-does-the-soybean-rally-have-legs.md) | +3.4% | +2.6% |
| SOY | 2025-01-29 | [Soybean Market Developments: Balancing Supply and Demand in 2025 \| Investing.com](https://feedsoft.ai/events/26514-soybean-market-developments-balancing-supply-and-demand-in-2025-investing-com.md) | +2.9% | -2.0% |
| SOY | 2019-09-30 | [USDA Releases Market-Friendly Data for Corn and Soybeans](https://feedsoft.ai/events/57009-usda-releases-market-friendly-data-for-corn-and-soybeans.md) | +3.8% | +4.2% |
| SBM | 2022-09-12 | [WASDE sparks a corn, soybean rally – The Seam](https://feedsoft.ai/events/39609-wasde-sparks-a-corn-soybean-rally-the-seam.md) | -1.5% | -6.1% |
| SBM | 2020-05-19 | [Soybean Demand Remains Uncertain - ProAg](https://feedsoft.ai/events/53221-soybean-demand-remains-uncertain-proag.md) | -0.4% | +1.0% |
| SBM | 2025-01-29 | [Soybean Market Developments: Balancing Supply and Demand in 2025 \| Investing.com](https://feedsoft.ai/events/26514-soybean-market-developments-balancing-supply-and-demand-in-2025-investing-com.md) | +3.1% | -2.7% |

## Sources

- iowafarmbureau.com: https://www.iowafarmbureau.com/Article/Soybean-demand-sparks-market-rally

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