# USDA November soy crush estimated at 199.7 million bushels - Grainews

> Analysts surveyed by Reuters estimate the US soybean crush in November at 5.991 million short tons, or 199.7 million bushels, slightly below October's record of 201.4 million bushels. Soyoil stocks at the end of November were estimated at 1.634 billion pounds, up from October but down sharply year on year.

- Date: 2023-12-29 · published 2023-12-29T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/32784-usda-november-soy-crush-estimated-at-199-7-million-bushels-grainews
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A strong crush produces more soymeal and soyoil supply, which weighs on meal prices, while tight oil stocks support soybean oil values ahead of the USDA report.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-02-10 | [Brazil Soybean Estimate Unchanged at 179.0 Million Tons](https://feedsoft.ai/events/13450-brazil-soybean-estimate-unchanged-at-179-0-million-tons.md) | +2.1% | +6.9% |
| SOY | 2022-01-18 | [USDA estimates ‘I’ state records – AgriNews](https://feedsoft.ai/events/13395-usda-estimates-i-state-records-agrinews.md) | +3.4% | +15.7% |
| SOY | 2025-11-14 | [USDA Lowers Corn and Soybean Production Estimates](https://feedsoft.ai/events/21885-usda-lowers-corn-and-soybean-production-estimates.md) | -0.8% | -4.9% |
| SOY | 2017-12-12 | [USDA lowers corn ending stocks estimate - Brownfield Ag News](https://feedsoft.ai/events/67346-usda-lowers-corn-ending-stocks-estimate-brownfield-ag-news.md) | -2.1% | -3.6% |
| SOY | 2021-08-12 | [US 2021-22 soybean meal price estimated at $385/st, down $10 from July: USDA \| S&P Global](https://feedsoft.ai/events/45643-us-2021-22-soybean-meal-price-estimated-at-385-st-down-10-from-july-usda-s-and.md) | -3.4% | -10.4% |
| SBM | 2023-09-20 | [Grain Journal \| NOPA August U.S. Soybean Crush Below Most Estimates…](https://feedsoft.ai/events/34178-grain-journal-nopa-august-u-s-soybean-crush-below-most-estimates.md) | +0.6% | +1.5% |
| SBM | 2020-06-12 | [US soy crush seen at 173.071mn bushels - Markets - Business Recorder](https://feedsoft.ai/events/52699-us-soy-crush-seen-at-173-071mn-bushels-markets-business-recorder.md) | -0.3% | +0.4% |
| SBM | 2025-09-12 | [USDA Ups Corn and Soybean Production Estimates](https://feedsoft.ai/events/22795-usda-ups-corn-and-soybean-production-estimates.md) | -1.4% | -5.4% |

## Sources

- grainews.ca: https://www.grainews.ca/daily/usda-november-soy-crush-estimated-at-199-7-million-bushels/

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