# Column: Record-setting CBOT soy rally working on U.S. acreage surge for 2021

> A Reuters column notes the August USDA soybean numbers and frequent large Chinese purchases drove a record CBOT soy rally. The excerpt is limited to these points about the market's expectations of a smaller U.S. crop.

- Date: 2020-09-17 · published 2020-09-17T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/9339-column-record-setting-cbot-soy-rally-working-on-u-s-acreage-surge-for-2021
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Expectations of a smaller U.S. crop and heavy Chinese buying tighten old-crop supply, supporting soybean and meal prices.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-12-08 | [China Set for Record 2025 Soybean Imports on Brazil Buys, U.S. Trade Truce](https://feedsoft.ai/events/21532-china-set-for-record-2025-soybean-imports-on-brazil-buys-u-s-trade-truce.md) | -2.6% | -5.7% |
| SOY | 2020-07-31 | [Column: U.S. corn, soybean export sales smash July records on huge China deals](https://feedsoft.ai/events/5319-column-u-s-corn-soybean-export-sales-smash-july-records-on-huge-china-deals.md) | -1.2% | +5.1% |
| SOY | 2021-08-27 | [Soy exports on pace for record year](https://feedsoft.ai/events/45649-soy-exports-on-pace-for-record-year.md) | -6.5% | -6.0% |
| SOY | 2021-06-29 | [2021 U.S. Soybean Outlook Remains Strong After Record First Quarter Export Volume \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/46425-2021-u-s-soybean-outlook-remains-strong-after-record-first-quarter-export.md) | +0.5% | +4.5% |
| SOY | 2026-07-01 | [Soybeans Rally as China Finally Buys, Will They Buy Corn? Cattle Surge on Higher Cash, Cutouts](https://feedsoft.ai/events/18826-soybeans-rally-as-china-finally-buys-will-they-buy-corn-cattle-surge-on-higher.md) | +7.0% | +5.5% |
| SBM | 2019-09-01 | [The Trade War Is Creating a Windfall for Rivals of U.S. Soy in China](https://feedsoft.ai/events/57615-the-trade-war-is-creating-a-windfall-for-rivals-of-u-s-soy-in-china.md) | -0.3% | +2.3% |
| SBM | 2023-06-30 | [Upcoming Events - Soybean Meal Rallies on Italian Flash Sale and Record US Crush Forecast](https://feedsoft.ai/events/35576-upcoming-events-soybean-meal-rallies-on-italian-flash-sale-and-record-us-crush.md) | +1.6% | +11.9% |
| SBM | 2023-10-30 | [Funds' CBOT soymeal long surges on strong US export demand  \| Reuters](https://feedsoft.ai/events/33657-funds-cbot-soymeal-long-surges-on-strong-us-export-demand-reuters.md) | +0.4% | +4.9% |

## Sources

- reuters.com: https://www.reuters.com/article/us-usa-soybeans-braun/column-record-setting-cbot-soy-rally-working-on-us-acreage-surge-for-2021-braun-idUSKBN2673OU/

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