Rising crush demand sparks cut to U.S. soy supply view

After 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.

• Sep 10, 2019Lower U.S. crop condition rating lifts corn, soy and wheat also rise | Financial Post+6.5%
• Jun 30, 2021Corn, soy extend rally after USDA acreage surprise | Financial Post+2.0%
• Oct 12, 2022Soybeans rally after USDA cuts U.S. harvest outlook | Financial Post-0.3%
• Jun 30, 2020Corn, soy climb on smaller-than-expected USDA acreage view | Financial Post+3.3%
• Sep 30, 2020Corn, soy, wheat surge on lower-than-expected U.S. grain stocks | Financial Post+5.1%

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.

• Jun 30, 2021Corn, soy extend rally after USDA acreage surprise | Financial Post+1.8%
• Oct 12, 2022Soybeans rally after USDA cuts U.S. harvest outlook | Financial Post-1.2%
• Aug 18, 2026Soy demand rises to meet large crop+3.4%
• Oct 16, 2017Soybean demand sparks market rally-2.3%
• Mar 24, 2025China’s soybean demand, crush projected to grow | World Grain-1.7%