# The Soybean Crush is a Fundamental Indicator

> Barchart columnist Andrew Hecht says the soybean crush spread reached a multi-year high, with the crush near $2.48 on December 23. Nearby soybean futures were just under $15 per bushel on December 26, and soybean oil was near 66 cents. Hecht compares the crush spread to crude oil crack spreads as a demand indicator.

- Date: 2022-12-26 · published 2022-12-26T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/38327-the-soybean-crush-is-a-fundamental-indicator
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A strong crush margin signals robust processing demand and supports soybean prices, which feeds into meal costs. Feed buyers should expect firm oilseed values while margins stay high.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲

## Sources

- barchart.com: https://www.barchart.com/story/news/12803716/the-soybean-crush-is-a-fundamental-indicator

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