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USDA forecasts a record US soybean crush this marketing year, up more than 5% from last year. Strong biofuel demand and expanded processing capacity are driving growth, with over half of domestic soybean oil consumption expected to go to biofuels.
Higher crush increases soymeal output, which is bearish for meal, while strong biofuel-driven soy oil demand supports oil prices.
brownfieldagnews.comOct 30, 2026After 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 296 past bullish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), and -0.5% 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.
