# Soy Crush Up; Short of Record | Feed & Grain

> NOPA March soybean crush of 177.98 million bushels came in slightly below the average estimate of 179.18 million. Argentina's harvest was 14% complete, well behind the 25% average, and the Buenos Aires exchange raised its crop estimate to 46 million tonnes.

- Date: 2021-04-16 · published 2021-04-16T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/47431-soy-crush-up-short-of-record-feed-and-grain
- 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

A slightly weak US crush and slow Argentine harvest leave soymeal and oil supplies balanced to tight. Limited upside revisions to Argentine crop size support prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-01-05 | [USDA Reports Record Oilseed Crushing \| Feed & Grain](https://feedsoft.ai/events/49250-usda-reports-record-oilseed-crushing-feed-and-grain.md) | +4.4% | +2.9% |
| 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 | 2025-01-14 | [US soybean meal exports set to reach record highs in 2024/25 \| Feed & Grain](https://feedsoft.ai/events/26589-us-soybean-meal-exports-set-to-reach-record-highs-in-2024-25-feed-and-grain.md) | +2.5% | +0.2% |
| SOY | 2025-01-14 | [US soybean production drops, global oilseed crush rises in 2024/25 \| Feed & Grain](https://feedsoft.ai/events/26590-us-soybean-production-drops-global-oilseed-crush-rises-in-2024-25-feed-and-grain.md) | +2.5% | +0.2% |
| SOY | 2022-03-21 | [China to import record soybean volume in 2022-23 \| World Grain](https://feedsoft.ai/events/42291-china-to-import-record-soybean-volume-in-2022-23-world-grain.md) | +2.5% | +2.8% |
| SBM | 2025-01-14 | [US soybean production drops, global oilseed crush rises in 2024/25 \| Feed & Grain](https://feedsoft.ai/events/26590-us-soybean-production-drops-global-oilseed-crush-rises-in-2024-25-feed-and-grain.md) | -0.9% | -0.4% |
| SBM | 2017-05-22 | [Grain exports set to hit record high: USDA - Splash247](https://feedsoft.ai/events/71200-grain-exports-set-to-hit-record-high-usda-splash247.md) | -1.7% | -1.8% |
| SBM | 2020-12-24 | [Canada's November Canola Crush at Near-Record Levels](https://feedsoft.ai/events/49749-canada-s-november-canola-crush-at-near-record-levels.md) | +3.1% | +1.9% |

## Sources

- feedandgrain.com: https://www.feedandgrain.com/events/event-calendar/blog/15387495/soy-crush-up-short-of-record

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