US soybean crop is smaller than expected, breaking price slump

After 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% over 20.

• Jun 30, 2021Smaller-than-expected U.S. corn, soy acreage stokes price rally+2.0%
• May 12, 2025USDA Reduces Old Crop Corn Ending Stocks, Pegs New Crop Lower Than Expected+0.6%
• Feb 27, 2025USDA Forecasts Tighter-Than-Expected Soybean Ending Stocks-2.6%
• Mar 31, 2026Soybeans see gains after lower than expected acreage estimate - Brownfield Ag News-0.1%
• Jun 30, 2020Corn, soy climb on smaller-than-expected USDA acreage view | Financial Post+3.3%

After 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% over 20.

• Jun 30, 2021Smaller-than-expected U.S. corn, soy acreage stokes price rally+1.8%
• Feb 27, 2025USDA Forecasts Tighter-Than-Expected Soybean Ending Stocks-0.1%
• Mar 31, 2026Soybeans see gains after lower than expected acreage estimate - Brownfield Ag News-0.9%
• Jun 10, 2022USDA Sees Smaller Soybean Stocks for Old and New Crops+0.3%
• Nov 10, 2021PF Report Reaction: USDA unexpectedly trims its soybean crop estimate - Pro Farmer+6.8%