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USDA's January WASDE raised the 2025-26 US soybean crush forecast by 15 million bushels to 2.57 billion bushels on stronger meal disappearance and exports. The agency also cut soybean oil biofuel use because renewable diesel producers are sourcing more tallow feedstock.
A larger crush adds meal supply while cutting biofuel oil demand, which widens the oil-to-meal spread and favors meal over oil. Meal prices gain support while soybean oil faces pressure from the feedstock shift.
feedandgrain.comFeed, Grain StaffJan 13, 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 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% 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.
