# Weather, China and soybean crush key market factors – Ohio Ag Net | Ohio's Country Journal

> US soybean crush hit record levels, with NOPA reporting 169.5 million bushels crushed in May and March setting an all-time monthly record of 181 million bushels. USDA raised its 2019-20 crush estimate to 2.140 billion bushels in June. Analysts also flagged cool, dry Midwest weather and a possible corn yield above the June WASDE trend estimate of 178.5 bushels per acre.

- Date: 2020-06-16 · published 2020-06-16T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/11070-weather-china-and-soybean-crush-key-market-factors-ohio-ag-net-ohio-s-country
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Record crush boosts demand for soybeans and produces more soybean meal, which is bullish for soy complex prices and tightens meal supply for feed buyers. A larger-than-expected corn crop would be bearish for corn and would weigh on feed grain costs.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- SOY: bullish ▲
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-01-12 | [Mixed results from big January report – Ohio Ag Net \| Ohio's Country Journal](https://feedsoft.ai/events/72938-mixed-results-from-big-january-report-ohio-ag-net-ohio-s-country-journal.md) | +6.7% | +4.7% |
| SOY | 2023-02-08 | [Neutral WASDE report maintains expectations – Ohio Ag Net \| Ohio's Country Journal](https://feedsoft.ai/events/37265-neutral-wasde-report-maintains-expectations-ohio-ag-net-ohio-s-country-journal.md) | +1.5% | +0.8% |
| SOY | 2022-10-12 | [Turner's Take Ag Markets \| WASDE Bullish Soybeans and Bearish Corn/Wheat](https://feedsoft.ai/events/39095-turner-s-take-ag-markets-wasde-bullish-soybeans-and-bearish-corn-wheat.md) | -0.3% | +4.9% |
| SOY | 2025-04-18 | [Corn exports up and China buys tariffed soybeans - High Plains Journal](https://feedsoft.ai/events/14673-corn-exports-up-and-china-buys-tariffed-soybeans-high-plains-journal.md) | +1.3% | +1.3% |
| SOY | 2019-09-30 | [Corn, soybeans up on USDA numbers, weekend weather - Brownfield Ag News](https://feedsoft.ai/events/57014-corn-soybeans-up-on-usda-numbers-weekend-weather-brownfield-ag-news.md) | +3.8% | +4.2% |
| SBM | 2017-01-12 | [Mixed results from big January report – Ohio Ag Net \| Ohio's Country Journal](https://feedsoft.ai/events/72938-mixed-results-from-big-january-report-ohio-ag-net-ohio-s-country-journal.md) | +12.1% | +8.9% |
| SBM | 2023-02-08 | [Neutral WASDE report maintains expectations – Ohio Ag Net \| Ohio's Country Journal](https://feedsoft.ai/events/37265-neutral-wasde-report-maintains-expectations-ohio-ag-net-ohio-s-country-journal.md) | +3.5% | +3.1% |
| SBM | 2019-09-30 | [Corn, soybeans up on USDA numbers, weekend weather - Brownfield Ag News](https://feedsoft.ai/events/57014-corn-soybeans-up-on-usda-numbers-weekend-weather-brownfield-ag-news.md) | +3.1% | +4.6% |

## Sources

- ocj.com: https://ocj.com/2020/06/92012/

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