# US soybean crush post record Jan volume on robust demand, South American woes

> The US soybean crush hit an all-time high for January volume, according to NOPA data released February 16. The January crush was 184.654 million bushels, up 4% year on year and above analyst estimates. Soybean oil stocks rose to an eight-month high.

- Date: 2021-02-18 · published 2021-02-18T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/48717-us-soybean-crush-post-record-jan-volume-on-robust-demand-south-american-woes
- 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

Strong crush demand from meat processors and biodiesel, together with tight South American supplies, is pulling US ending stocks toward a seven-year low. That supports soybean, meal and oil prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-04-13 | [Crush Demand Drives Soy Complex Higher as USDA Raises Price Outlook - American Soybean Association](https://feedsoft.ai/events/15037-crush-demand-drives-soy-complex-higher-as-usda-raises-price-outlook-american.md) | -0.7% | +1.6% |
| SOY | 2026-05-14 | [New Crop Soybeans Top $12 as USDA Raises Demand Outlook - American Soybean Association](https://feedsoft.ai/events/19297-new-crop-soybeans-top-12-as-usda-raises-demand-outlook-american-soybean.md) | -1.3% | -8.2% |
| SOY | 2021-06-03 | [China set for record-busting soybean demand as African swine fever wanes](https://feedsoft.ai/events/46558-china-set-for-record-busting-soybean-demand-as-african-swine-fever-wanes.md) | 0.0% | -7.2% |
| SOY | 2016-11-16 | [Soybeans up for 2nd day on strong demand, U.S. crush data \| Reuters](https://feedsoft.ai/events/73886-soybeans-up-for-2nd-day-on-strong-demand-u-s-crush-data-reuters.md) | +4.1% | +3.5% |
| SOY | 2025-02-14 | [WASDE Shows Decrease in South American Corn and Soybean Production for 2024/2025](https://feedsoft.ai/events/25997-wasde-shows-decrease-in-south-american-corn-and-soybean-production-for-2024-2025.md) | +0.9% | -3.0% |
| SBM | 2026-05-14 | [New Crop Soybeans Top $12 as USDA Raises Demand Outlook - American Soybean Association](https://feedsoft.ai/events/19297-new-crop-soybeans-top-12-as-usda-raises-demand-outlook-american-soybean.md) | -2.8% | -12.8% |
| SBM | 2021-06-03 | [China set for record-busting soybean demand as African swine fever wanes](https://feedsoft.ai/events/46558-china-set-for-record-busting-soybean-demand-as-african-swine-fever-wanes.md) | -1.8% | -4.4% |
| SBM | 2026-08-31 | [Soybean meal demand pushes global trade to a new record](https://feedsoft.ai/events/17960-soybean-meal-demand-pushes-global-trade-to-a-new-record.md) | +2.5% | +10.3% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/us-soybean-crush-post-record-jan-volume-on-robust-demand-south-american-woes/

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