# Current Soybean Oil Contribution to Combined Soybean Crush Value

> DTN analysis notes the USDA kept the US soybean crush at a record 2.49 billion bushels, supported by biofuel-driven soybean oil demand. Soybean meal prices have fallen to their lowest since March 2016 as record South American crush output pushes supplies higher, while soybean oil has reached its highest since October 2023.

- Date: 2025-07-02 · published 2025-07-02T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/23825-current-soybean-oil-contribution-to-combined-soybean-crush-value
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Record crush and large meal supplies keep soybean meal cheap for feed users, while strong oil demand shifts crush economics toward oil.

## Read by commodity

- SBM: bearish ▼
- SBO: bullish ▲
- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2022-05-19 | [Current Soybean Meal-Corn Ratio](https://feedsoft.ai/events/41486-current-soybean-meal-corn-ratio.md) | +2.6% | +0.7% |
| SBM | 2020-04-21 | [Soybean Crush Outlook - ProAg](https://feedsoft.ai/events/53722-soybean-crush-outlook-proag.md) | -0.1% | -0.2% |
| SBM | 2022-07-14 | [Brazil to produce record amount of soybean meal, oil amid higher crush margins \| S&P Global](https://feedsoft.ai/events/40581-brazil-to-produce-record-amount-of-soybean-meal-oil-amid-higher-crush-margins-s.md) | -9.1% | +4.9% |
| SBM | 2019-11-25 | [AgriMarketing.com - U.S. Soybean Crushings Surge To Record Levels In October](https://feedsoft.ai/events/56126-agrimarketing-com-u-s-soybean-crushings-surge-to-record-levels-in-october.md) | -2.6% | +0.8% |
| SBM | 2018-09-12 | [USDA forecasts soybean crush to keep growing - McKeany-Flavell](https://feedsoft.ai/events/63103-usda-forecasts-soybean-crush-to-keep-growing-mckeany-flavell.md) | -4.4% | -0.2% |
| SBO | 2026-02-19 | [Soybean Oil Used for Biofuel Production Expected to Soar](https://feedsoft.ai/events/15047-soybean-oil-used-for-biofuel-production-expected-to-soar.md) | +2.7% | +1.3% |
| SBO | 2020-05-01 | [Soybean Crush Report - The Jacobsen](https://feedsoft.ai/events/53216-soybean-crush-report-the-jacobsen.md) | -1.1% | +4.4% |
| SBO | 2025-03-24 | [China’s soybean demand, crush projected to grow \| World Grain](https://feedsoft.ai/events/25571-china-s-soybean-demand-crush-projected-to-grow-world-grain.md) | +3.3% | +12.5% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2025/07/02/current-soybean-oil-contribution

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