# Soybean Crush Update - Decision Innovation Solutions

> The April NOPA crush report showed 185.8 million bushels of soybeans crushed in March 2023, 2.4 million above expectations and a record March rate. Cumulative 2022/23 crush reached 1,306 million bushels, just 5 million behind last year's pace, and USDA projects a full-year crush of 2,220 million bushels.

- Date: 2023-05-01 · published 2023-05-01T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/36014-soybean-crush-update-decision-innovation-solutions
- 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 rates support meal output and demand for soybeans, and projected strong crushing keeps meal supplies ample while crush margins near $1.50 per bushel sustain processing activity.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2016-11-16 | [Soybeans up for 2nd day on strong demand, U.S. crush data \| Reuters](https://feedsoft.ai/events/73886-soybeans-up-for-2nd-day-on-strong-demand-u-s-crush-data-reuters.md) | +4.8% | +0.3% |
| SBM | 2019-11-19 | [Soybean Crush Prospects - ProAg](https://feedsoft.ai/events/56130-soybean-crush-prospects-proag.md) | -1.0% | +0.4% |
| SBM | 2021-05-26 | [April soybean crush well below expectations - McKeany-Flavell](https://feedsoft.ai/events/47159-april-soybean-crush-well-below-expectations-mckeany-flavell.md) | +1.5% | -6.4% |
| SBM | 2020-05-01 | [Soybean Crush Report - The Jacobsen](https://feedsoft.ai/events/53216-soybean-crush-report-the-jacobsen.md) | -2.1% | -2.2% |
| SBM | 2019-04-23 | [Soybean Crush Holding Steady - ProAg](https://feedsoft.ai/events/59432-soybean-crush-holding-steady-proag.md) | -1.8% | -1.7% |
| SBO | 2018-10-25 | [US Fats and Oils: Inedible Grease Market Analysis - Decision Innovation Solutions](https://feedsoft.ai/events/62664-us-fats-and-oils-inedible-grease-market-analysis-decision-innovation-solutions.md) | -2.1% | -2.8% |
| SBO | 2025-01-14 | [US soybean production drops, global oilseed crush rises in 2024/25 \| Feed & Grain](https://feedsoft.ai/events/26590-us-soybean-production-drops-global-oilseed-crush-rises-in-2024-25-feed-and-grain.md) | +1.4% | +3.0% |
| SBO | 2023-07-17 | [NOPA Soybean Crush Summary - June 2023](https://feedsoft.ai/events/35115-nopa-soybean-crush-summary-june-2023.md) | +0.1% | -2.4% |

## Sources

- decision-innovation.com: https://www.decision-innovation.com/news/soybean-crush-update/

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