# U.S. Soybean Crushers Buy Up Extra Beans | Feed & Grain

> U.S. soybean crushers have booked more than 60 days of beans, well above their usual 30 to 40 days, as export demand and prices rise. Traders expect a spring and summer battle between exporters and processors for supplies.

- Date: 2021-01-28 · published 2021-01-28T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/49187-u-s-soybean-crushers-buy-up-extra-beans-feed-and-grain
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Heavy forward buying by crushers tightens available beans and could push prices higher and even prompt rare U.S. soybean imports, which raises soymeal costs for feed buyers.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-01-27 | [U.S. soybean crushers buy up extra beans as supply scramble looms \| Financial Post](https://feedsoft.ai/events/49223-u-s-soybean-crushers-buy-up-extra-beans-as-supply-scramble-looms-financial-post.md) | -1.1% | +3.9% |
| SOY | 2017-10-27 | [US export report: China buys soybeans / Spain buys](https://feedsoft.ai/events/68330-us-export-report-china-buys-soybeans-spain-buys.md) | +1.8% | +2.3% |
| SOY | 2018-05-18 | [GRAINS-U.S. wheat futures jump; export hopes boost corn, soybeans](https://feedsoft.ai/events/10914-grains-u-s-wheat-futures-jump-export-hopes-boost-corn-soybeans.md) | +4.1% | -9.0% |
| SOY | 2021-06-11 | [2021 Soybeans – to crush or export?](https://feedsoft.ai/events/46671-2021-soybeans-to-crush-or-export.md) | -13.9% | -9.1% |
| SOY | 2019-02-02 | [Exclusive: China buys U.S. soybeans a day after trade talks - traders](https://feedsoft.ai/events/60471-exclusive-china-buys-u-s-soybeans-a-day-after-trade-talks-traders.md) | -0.4% | -1.6% |
| SBM | 2021-01-27 | [U.S. soybean crushers buy up extra beans as supply scramble looms \| Financial Post](https://feedsoft.ai/events/49223-u-s-soybean-crushers-buy-up-extra-beans-as-supply-scramble-looms-financial-post.md) | -0.9% | -1.8% |
| SBM | 2019-02-02 | [Exclusive: China buys U.S. soybeans a day after trade talks - traders](https://feedsoft.ai/events/60471-exclusive-china-buys-u-s-soybeans-a-day-after-trade-talks-traders.md) | -1.8% | -1.8% |
| SBM | 2016-10-27 | [U.S. grains: Soybeans rise on export sales, soymeal gains - Grainews](https://feedsoft.ai/events/9239-u-s-grains-soybeans-rise-on-export-sales-soymeal-gains-grainews.md) | -3.9% | +0.5% |

## Sources

- feedandgrain.com: https://www.feedandgrain.com/grain-handling-processing/news/15388123/us-soybean-crushers-buy-up-extra-beans

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