# Crush demand boosts soybean basis – AgriNews

> Soybean cash basis at harvest was the strongest in over 20 years, with the national average at 22 cents under January futures in late December. DTN's Todd Hultman attributed the strength to a record crush premium of $3.52/bu, well above the usual $1.50 to $2.00.

- Date: 2023-01-06 · published 2023-01-06T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/37873-crush-demand-boosts-soybean-basis-agrinews
- 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

Record crush margins give processors strong incentive to keep buying beans, supporting soybean cash prices and underpinning meal and oil supply.

## Read by commodity

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

## Sources

- agrinews-pubs.com: https://www.agrinews-pubs.com/business/2023/01/06/crush-demand-boosts-soybean-basis/

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