# USDA Reports Provide Support to Soybean Prices

> USDA's January 12 reports cut the 2016 U.S. soybean crop estimate to 4.307 billion bushels, down from November but still a record. December 1 soybean stocks of 2.895 billion bushels came in 40 million bushels below trade expectations.

- Date: 2017-01-01 · published 2017-01-01T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/72939-usda-reports-provide-support-to-soybean-prices
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A smaller crop and lower-than-expected stocks tighten soybean supply and support prices, which raises the cost of soybean meal used in feed.

## 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 | 2025-08-13 | [USDA crop report: Corn yields soar, soybean prices rise](https://feedsoft.ai/events/23278-usda-crop-report-corn-yields-soar-soybean-prices-rise.md) | +0.1% | -0.6% |
| SOY | 2018-04-10 | [Soybeans rally on USDA report, exports](https://feedsoft.ai/events/65483-soybeans-rally-on-usda-report-exports.md) | -0.5% | -4.3% |
| 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 | 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 | 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) | +9.3% | +15.5% |
| SBM | 2018-03-30 | [The soybean market is shocked by the USDA report](https://feedsoft.ai/events/66080-the-soybean-market-is-shocked-by-the-usda-report.md) | +0.6% | +2.4% |
| SBM | 2019-09-12 | [USDA Reports Summary](https://feedsoft.ai/events/57011-usda-reports-summary.md) | +0.7% | +5.5% |

## Sources

- doi.org: https://doi.org/10.22004/ag.econ.282567

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