# US soybean crush hit a record high for March: NOPA 20.04.2022 - UkrAgroConsult

> 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.

- Date: 2022-04-20 · published 2022-04-20T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/41923-us-soybean-crush-hit-a-record-high-for-march-nopa-20-04-2022-ukragroconsult
- 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 and tighter oil stocks signal strong meal and oil demand, supporting soybean and product prices. Healthy crush margins encourage processors to keep running hard.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-10-30 | [U.S. soybean crush sees record high for September \| Farmtario](https://feedsoft.ai/events/27988-u-s-soybean-crush-sees-record-high-for-september-farmtario.md) | +3.0% | +1.9% |
| SOY | 2022-06-29 | [2022 U.S. Corn Rating Declines 3%, Soybeans Decline 3% 29.06.2022 - UkrAgroConsult](https://feedsoft.ai/events/13354-2022-u-s-corn-rating-declines-3-soybeans-decline-3-29-06-2022-ukragroconsult.md) | -5.0% | -5.1% |
| SOY | 2021-11-10 | [USDA maintains forecast for soybean oil use in biofuel 10.11.2021 - UkrAgroConsult](https://feedsoft.ai/events/15437-usda-maintains-forecast-for-soybean-oil-use-in-biofuel-10-11-2021-ukragroconsult.md) | +4.3% | +5.1% |
| SOY | 2025-05-15 | [USDA forecasts lower US soybean stocks, record crush for 2025/26 \| Feed & Grain](https://feedsoft.ai/events/24760-usda-forecasts-lower-us-soybean-stocks-record-crush-for-2025-26-feed-and-grain.md) | -0.4% | -2.3% |
| SOY | 2025-05-12 | [USDA May report: Record corn crop, tight soybean stocks for 2025-26](https://feedsoft.ai/events/24608-usda-may-report-record-corn-crop-tight-soybean-stocks-for-2025-26.md) | +0.6% | +1.1% |
| SBM | 2022-03-09 | [Soybeans close lower. Wednesday, March 9, 2022 10.03.2022 - UkrAgroConsult](https://feedsoft.ai/events/42239-soybeans-close-lower-wednesday-march-9-2022-10-03-2022-ukragroconsult.md) | -0.1% | -4.6% |
| SBM | 2022-06-29 | [2022 U.S. Corn Rating Declines 3%, Soybeans Decline 3% 29.06.2022 - UkrAgroConsult](https://feedsoft.ai/events/13354-2022-u-s-corn-rating-declines-3-soybeans-decline-3-29-06-2022-ukragroconsult.md) | -1.1% | +3.0% |
| SBM | 2021-01-15 | [Near record US soybean crush falls short of estimate: NOPA - Fastmarkets](https://feedsoft.ai/events/49226-near-record-us-soybean-crush-falls-short-of-estimate-nopa-fastmarkets.md) | -4.1% | -5.1% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/us-soybean-crush-hit-a-record-high-for-march-nopa/

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