# SunSirs: NOPA Monthly Report and Arbitrage Factors Drive Soybean Meal Prices Higher

> NOPA's monthly report showed U.S. soybean crush in August came in below expectations at an 11-month low. Unwinding of long soybean oil/short soybean meal arbitrage positions added buying demand for meal, and soybean meal futures rallied sharply.

- Date: 2026-09-16 · published 2026-09-16T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/10672-sunsirs-nopa-monthly-report-and-arbitrage-factors-drive-soybean-meal-prices
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A smaller crush cuts domestic meal output, tightening supply, while arbitrage unwinding adds demand. Both factors support meal prices for feed buyers.

## Read by commodity

- SBM: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2024-07-15 | [USDA report highlights Mexico's soybean meal import surge \| Feed & Grain](https://feedsoft.ai/events/29389-usda-report-highlights-mexico-s-soybean-meal-import-surge-feed-and-grain.md) | -7.5% | -9.6% |
| SBM | 2017-01-01 | [USDA Reports Provide Support to Soybean Prices](https://feedsoft.ai/events/72939-usda-reports-provide-support-to-soybean-prices.md) | -1.0% | +6.9% |
| SBM | 2024-09-30 | [Central Illinois soybean, soymeal prices hit 1-month high: USDA - The Jacobsen](https://feedsoft.ai/events/28380-central-illinois-soybean-soymeal-prices-hit-1-month-high-usda-the-jacobsen.md) | -2.5% | -10.5% |
| SBM | 2026-09-17 | [EU soybean meal deficit may support demand for rapeseed and sunflower meal](https://feedsoft.ai/events/17587-eu-soybean-meal-deficit-may-support-demand-for-rapeseed-and-sunflower-meal.md) | +0.9% | +0.5% |
| SBM | 2026-08-31 | [Soybean meal demand pushes global trade to a new record](https://feedsoft.ai/events/17960-soybean-meal-demand-pushes-global-trade-to-a-new-record.md) | +2.5% | +10.3% |

## Sources

- sunsirs.com: https://www.sunsirs.com/commodity-news/petail-36180.html

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