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US soybean crush in March reached a record 181.76 million bushels, 10% above February and 2.1% higher year on year, according to NOPA. Soybean oil stocks fell to a four-month low of 1.908 billion pounds at March 31.
Record crush and tighter oil stocks signal strong meal and oil demand, supporting soybean and product prices. Healthy crush margins encourage processors to keep running hard.
ukragroconsult.comApr 20, 2022After 747 past bullish report events, SOY moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% over 20.
After 414 past bullish report events, SBM moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% over 20.
After 296 past bullish report events, SBO moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), and -0.5% 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.
