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NOPA, a soybean processors' association, credits biofuels policy with lifting cash soybean prices about $1.70 per bushel year over year. It reports record June soybean processing of 214.3 million bushels, up 15%, and 839 million D4 RINs generated in June.
It also notes soybean meal prices have fallen nearly 40% over three years.
Strong crush demand supports soybean prices and soybean oil use, while rising meal output has pushed meal prices lower, a benefit for feed buyers.
nopa.orgJul 21, 2026After 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.
After 296 past bullish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), and -0.5% over 20.
After 399 past bearish report events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
