# Crush Demand Drives Soy Complex Higher as USDA Raises Price Outlook - American Soybean Association

> USDA's April WASDE moved 35 million bushels of soybean exports into crush, leaving 2025/26 ending stocks unchanged and raising the season average soybean price to $10.30/bu. Soybean oil prices hit three-year highs and Midwest crush margins reached a 2.5-year high after EPA's final RVO guidance and energy gains tied to Persian Gulf supply disruptions. May 2026 soybean futures closed near $11.655/bu.

- Date: 2026-04-13 · published 2026-04-13T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/15037-crush-demand-drives-soy-complex-higher-as-usda-raises-price-outlook-american
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Stronger crush demand and higher soybean oil prices lift soy complex values, while the USDA price increase signals firmer farm-level prices ahead.

## Read by commodity

- SBM: bearish ▼
- SBO: bullish ▲
- SOY: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBO | 2026-04-20 | 1 | +4.4% | 3.8 | USDA's shift of soybean exports into crush, plus EPA RVO guidance and Gulf-related energy gains, supports crush and biofuel demand for soyoil and underpins the elevated price level. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-05-14 | [New Crop Soybeans Top $12 as USDA Raises Demand Outlook - American Soybean Association](https://feedsoft.ai/events/19297-new-crop-soybeans-top-12-as-usda-raises-demand-outlook-american-soybean.md) | -1.3% | -8.2% |
| SOY | 2025-04-03 | [USDA Reports: Despite Smaller 2025 Acres, Smaller Q2 Soy Usage Weighs on Soy Prices - American Soybean Association](https://feedsoft.ai/events/25132-usda-reports-despite-smaller-2025-acres-smaller-q2-soy-usage-weighs-on-soy.md) | -1.6% | +1.0% |
| SOY | 2025-08-14 | [Soybean Prices Reverse Losses on Bullish WASDE - American Soybean Association](https://feedsoft.ai/events/12450-soybean-prices-reverse-losses-on-bullish-wasde-american-soybean-association.md) | -0.8% | -0.8% |
| SOY | 2021-02-18 | [US soybean crush post record Jan volume on robust demand, South American woes](https://feedsoft.ai/events/48717-us-soybean-crush-post-record-jan-volume-on-robust-demand-south-american-woes.md) | +2.9% | +2.5% |
| SOY | 2022-11-10 | [Economist's Angle: Soybean Processing Growth Is Crushing It - American Soybean Association](https://feedsoft.ai/events/15359-economist-s-angle-soybean-processing-growth-is-crushing-it-american-soybean.md) | -2.1% | +1.8% |
| SBO | 2026-05-14 | [New Crop Soybeans Top $12 as USDA Raises Demand Outlook - American Soybean Association](https://feedsoft.ai/events/19297-new-crop-soybeans-top-12-as-usda-raises-demand-outlook-american-soybean.md) | +0.5% | -2.1% |
| SBO | 2026-08-13 | [Soy Demand Rises to Meet Large Crop - American Soybean Association](https://feedsoft.ai/events/17962-soy-demand-rises-to-meet-large-crop-american-soybean-association.md) | +0.5% | +0.9% |
| SBO | 2021-02-18 | [US soybean crush post record Jan volume on robust demand, South American woes](https://feedsoft.ai/events/48717-us-soybean-crush-post-record-jan-volume-on-robust-demand-south-american-woes.md) | +6.6% | +18.5% |

## Sources

- soygrowers.com: https://soygrowers.com/news-releases/crush-demand-drives-soy-complex-higher-as-usda-raises-price-outlook/

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