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USDA's March Oil Crops Outlook kept 2025/26 US soybean ending stocks at 350 million bushels while raising crush by 5 million bushels to a record 2.58 billion bushels. The meal price forecast was raised to $300 per short ton, and soybean oil used for biomass-based diesel was lowered to 14.0 billion pounds.
Record crush and a higher meal price forecast point to firm soybean meal demand, while weaker biofuel use of soybean oil is a bearish factor for oil prices.
rfdtv.comTony St. JamesMar 24, 2026After 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% over 20.
After 146 past bearish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +1.9%), and +0.4% over 20.
After 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.
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.
