# New Crop Soybeans Top $12 as USDA Raises Demand Outlook - American Soybean Association

> New-crop November soybean futures closed above $12 per bushel after the May WASDE raised demand estimates. The report showed higher crush and rising soybean oil use, and old-crop July futures also climbed to a two-month high.

- Date: 2026-05-14 · published 2026-05-14T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/19297-new-crop-soybeans-top-12-as-usda-raises-demand-outlook-american-soybean
- 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

Higher domestic crush and vegetable oil demand tighten the balance sheet and lift soybean and meal values. Energy market strength also supports the complex.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-04-13 | [Crush Demand Drives Soy Complex Higher as USDA Raises Price Outlook - American Soybean Association](https://feedsoft.ai/events/15037-crush-demand-drives-soy-complex-higher-as-usda-raises-price-outlook-american.md) | -0.7% | +1.6% |
| 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 | 2025-02-11 | [USDA trims South American corn, soybean estimates \| Crop Conditions \| farmweeknow.com](https://feedsoft.ai/events/25994-usda-trims-south-american-corn-soybean-estimates-crop-conditions-farmweeknow-com.md) | -1.0% | -4.9% |
| SBO | 2026-04-13 | [Crush Demand Drives Soy Complex Higher as USDA Raises Price Outlook - American Soybean Association](https://feedsoft.ai/events/15037-crush-demand-drives-soy-complex-higher-as-usda-raises-price-outlook-american.md) | -3.3% | +4.7% |
| 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/37753/

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