# Column: Record soybeans to be planted | Business | journalgazette.net

> Soybeans plummeted Friday after USDA projected a record 89.5 million acres of U.S. soybeans for 2017, with relatively high bean stockpiles adding pressure. Soybeans fell below $9.50 a bushel for the first time since last fall, while corn and wheat held steady as their acreage was reduced.

- Date: 2017-03-31 · published 2017-03-31T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/72035-column-record-soybeans-to-be-planted-business-journalgazette-net
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A record soybean acreage projection and heavy stocks signal ample soy supply, pressuring soybean and meal prices for feed buyers.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: neutral
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-07-14 | [Column: Grains take a nosedive \| Business \| journalgazette.net](https://feedsoft.ai/events/7088-column-grains-take-a-nosedive-business-journalgazette-net.md) | +4.2% | -4.3% |
| SOY | 2026-04-11 | [Soybeans up and corn down in planting report - High Plains Journal](https://feedsoft.ai/events/19799-soybeans-up-and-corn-down-in-planting-report-high-plains-journal.md) | -0.7% | +1.6% |
| SOY | 2017-12-12 | [Report friendly for corn, neutral to lower for soybeans – Ohio Ag Net \| Ohio's Country Journal](https://feedsoft.ai/events/67415-report-friendly-for-corn-neutral-to-lower-for-soybeans-ohio-ag-net-ohio-s.md) | -2.1% | -3.6% |
| SOY | 2021-10-02 | [CBOT soyabeans extend slide - Markets - Business Recorder](https://feedsoft.ai/events/44605-cbot-soyabeans-extend-slide-markets-business-recorder.md) | -0.3% | -0.9% |
| SOY | 2024-08-13 | [Mato Grosso Prepares to Plant Record Soybean Crop \| CZ app](https://feedsoft.ai/events/13556-mato-grosso-prepares-to-plant-record-soybean-crop-cz-app.md) | -5.5% | -3.4% |
| SBM | 2021-10-02 | [CBOT soyabeans extend slide - Markets - Business Recorder](https://feedsoft.ai/events/44605-cbot-soyabeans-extend-slide-markets-business-recorder.md) | -2.4% | +1.4% |
| SBM | 2024-08-13 | [Mato Grosso Prepares to Plant Record Soybean Crop \| CZ app](https://feedsoft.ai/events/13556-mato-grosso-prepares-to-plant-record-soybean-crop-cz-app.md) | -2.6% | -0.3% |
| SBM | 2024-11-19 | [Brazil and its sea of soybeans – Ohio Ag Net \| Ohio's Country Journal](https://feedsoft.ai/events/13536-brazil-and-its-sea-of-soybeans-ohio-ag-net-ohio-s-country-journal.md) | +0.7% | -1.7% |

## Sources

- journalgazette.net: https://www.journalgazette.net/business/column-record-soybeans-to-be-planted/article_cb5cc399-ba01-5dda-80c0-f50e512f4c0b.html

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