# High processing figures support soy - weaker again

> NOPA reported US member soybean crush of about 195 million bushels in December, well above analyst expectations and up roughly 10% year on year. Soybeans gained 3 cents and meal rose $9 per short ton, though a firmer dollar and weaker crude limited gains.

- Date: 2024-01-17 · published 2024-01-17T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/11442-high-processing-figures-support-soy-weaker-again
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A record crush raises meal output and supports soymeal prices, while a stronger dollar makes US export shipments less competitive.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-04-23 | [Ukraine increases soybean processing but faces pressure from world prices](https://feedsoft.ai/events/12288-ukraine-increases-soybean-processing-but-faces-pressure-from-world-prices.md) | +1.5% | +3.0% |
| SOY | 2017-01-01 | [USDA Reports Provide Support to Soybean Prices](https://feedsoft.ai/events/72939-usda-reports-provide-support-to-soybean-prices.md) | 0.0% | +2.8% |
| SOY | 2021-04-07 | [High soy and corn prices affect Lysine market - Food & Agribusiness](https://feedsoft.ai/events/47937-high-soy-and-corn-prices-affect-lysine-market-food-and-agribusiness.md) | -2.1% | +11.2% |
| SOY | 2018-10-11 | [WASDE report pushes corn, soybean futures higher - RealAgriculture](https://feedsoft.ai/events/62482-wasde-report-pushes-corn-soybean-futures-higher-realagriculture.md) | +3.9% | +1.8% |
| SOY | 2021-03-01 | [North American producers seeing higher meat, grain prices \| Feed Strategy](https://feedsoft.ai/events/12937-north-american-producers-seeing-higher-meat-grain-prices-feed-strategy.md) | +2.1% | -0.3% |
| 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 | 2026-09-16 | [SunSirs: NOPA Monthly Report and Arbitrage Factors Drive Soybean Meal Prices Higher](https://feedsoft.ai/events/10672-sunsirs-nopa-monthly-report-and-arbitrage-factors-drive-soybean-meal-prices.md) | +2.5% | +4.2% |
| SBM | 2019-07-12 | [Soybeans edge higher, set for weekly gain of nearly 3% \| Financial Post](https://feedsoft.ai/events/58046-soybeans-edge-higher-set-for-weekly-gain-of-nearly-3-financial-post.md) | -1.5% | -5.4% |

## Sources

- zmp.de: https://www.zmp.de/en/futures/news/newsticker-high-processing-figures-support-soy-weaker-again-market-2024-01-17

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