
NOPA reported a record October soybean crush of 227.647 million bushels, up nearly 14% year over year, with new plants in Nebraska and South Dakota adding capacity. Soyoil stocks rose to 1.305 billion pounds, up 21.5% year over year, weighing on oil values.
Heavy crush boosts meal output and pressures soymeal prices, while rising soyoil stocks and pending EPA RIN rules on imported feedstocks add uncertainty to vegetable oil prices.
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.
After 399 past bearish report events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% 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.
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.