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USDA NASS data showed soybeans crushed for crude oil at 6.39 million tons in May 2026, down from April but up year over year. Canola crushings rose sharply year over year, and edible tallow output fell 10% from May 2025.
Steady crush rates support soybean meal supply, while the rise in canola crush adds to oilseed meal availability, a modest bearish signal for oil and meal prices.
After 114 past neutral report events, Soybean Oil moved a median +0.1% over 5 sessions (52% higher; middle half -1.7% to +1.4%), and +0.5% 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.