# Global soybean crush forecast hits record high amid increased demand | Feed & Grain

> USDA's North American Grain and Oilseed Crushing Annual Summary raised the 2024/25 global soybean crush forecast by 2.9 million tonnes to a record 352.8 million tonnes. Global soymeal consumption rose 1% and oil consumption rose 2%, while the season-average soybean price was lowered to $9.95 per bushel.

- Date: 2025-03-14 · published 2025-03-14T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/25657-global-soybean-crush-forecast-hits-record-high-amid-increased-demand-feed-and
- 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

A record global crush adds meal and oil supply, which is bearish for meal prices while supporting soybean oil demand and soybean crush margins.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2017-08-10 | [USDA Forecasts Record-High Soybean Production in 2017](https://feedsoft.ai/events/69299-usda-forecasts-record-high-soybean-production-in-2017.md) | -3.9% | -1.4% |
| SBM | 2020-08-12 | [USDA forecasts record high corn, soybean yields](https://feedsoft.ai/events/51457-usda-forecasts-record-high-corn-soybean-yields.md) | +5.0% | +10.2% |
| SBM | 2022-09-01 | [Conab forecasts increased soybean, corn, and cotton production in Brazil](https://feedsoft.ai/events/13701-conab-forecasts-increased-soybean-corn-and-cotton-production-in-brazil.md) | -4.6% | -6.4% |
| 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 | 2023-07-21 | [Brazil's 2023 soybean crushing set for record highs driven by oil, meal demand](https://feedsoft.ai/events/35113-brazil-s-2023-soybean-crushing-set-for-record-highs-driven-by-oil-meal-demand.md) | +4.5% | -7.2% |
| SBO | 2025-05-15 | [USDA forecasts lower US soybean stocks, record crush for 2025/26 \| Feed & Grain](https://feedsoft.ai/events/24760-usda-forecasts-lower-us-soybean-stocks-record-crush-for-2025-26-feed-and-grain.md) | -0.8% | -4.5% |
| SBO | 2023-07-21 | [Brazil's 2023 soybean crushing set for record highs driven by oil, meal demand](https://feedsoft.ai/events/35113-brazil-s-2023-soybean-crushing-set-for-record-highs-driven-by-oil-meal-demand.md) | +5.4% | -0.5% |
| SBO | 2025-08-29 | [US soybean oil use in RD at 8-mth high, yellow grease demand at 6-mth high](https://feedsoft.ai/events/23407-us-soybean-oil-use-in-rd-at-8-mth-high-yellow-grease-demand-at-6-mth-high.md) | -1.9% | -6.3% |

## Sources

- feedandgrain.com: https://www.feedandgrain.com/business-markets/commodities/news/15739999/global-soybean-crush-forecast-hits-record-high-amid-increased-demand

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