New Crop Soybeans Top $12 as USDA Raises Demand Outlook

After 747 past bullish report events, SOY moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% over 20.

• Apr 13, 2026Crush Demand Drives Soy Complex Higher as USDA Raises Price Outlook - American Soybean Association-0.7%
• Apr 3, 2025USDA Reports: Despite Smaller 2025 Acres, Smaller Q2 Soy Usage Weighs on Soy Prices - American Soybean Association-1.6%
• Aug 14, 2025Soybean Prices Reverse Losses on Bullish WASDE - American Soybean Association-0.8%
• Feb 18, 2021US soybean crush post record Jan volume on robust demand, South American woes+2.9%
• Feb 11, 2025USDA trims South American corn, soybean estimates | Crop Conditions | farmweeknow.com-1.0%

After 296 past bullish report events, SBO moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), and -0.5% over 20.

• Apr 13, 2026Crush Demand Drives Soy Complex Higher as USDA Raises Price Outlook - American Soybean Association-3.3%
• Aug 13, 2026Soy Demand Rises to Meet Large Crop - American Soybean Association+0.5%
• Feb 18, 2021US soybean crush post record Jan volume on robust demand, South American woes+6.6%
• Aug 13, 2024Domestic soybean demand outlook | CHS Inc.-3.5%
• Jul 14, 2025July 2025 WASDE a Mixed Bag for Soy Markets - American Soybean Association-0.6%

After 414 past bullish report events, SBM moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% over 20.

• Aug 14, 2025Soybean Prices Reverse Losses on Bullish WASDE - American Soybean Association+3.1%
• Feb 18, 2021US soybean crush post record Jan volume on robust demand, South American woes-1.0%
• Aug 13, 2024Domestic soybean demand outlook | CHS Inc.-2.6%
• Jun 10, 2022USDA Sees Smaller Soybean Stocks for Old and New Crops+0.3%
• Mar 19, 2020USDA FAS sees rising soybean demand for China - Brownfield Ag News+5.8%