# U.S. soybean crushers buy up extra beans as supply scramble looms | Financial Post

> US soybean processors have booked purchases well beyond their normal supply window, with some crushers covering 60 days or more versus the usual 30 to 40 days. Record exports and a large domestic crush have pushed soybean prices to their highest since 2014.

- Date: 2021-01-27 · published 2021-01-27T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/49223-u-s-soybean-crushers-buy-up-extra-beans-as-supply-scramble-looms-financial-post
- 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

Aggressive forward buying signals a tight spring-summer supply battle that could lift soybean prices further and slow crush rates, reducing meal output and tightening soymeal supplies for feed buyers.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-01-28 | [U.S. Soybean Crushers Buy Up Extra Beans \| Feed & Grain](https://feedsoft.ai/events/49187-u-s-soybean-crushers-buy-up-extra-beans-feed-and-grain.md) | -0.3% | +2.3% |
| SOY | 2020-08-10 | [China crushers to crank up U.S. soy purchases in fourth quarter - traders \| Financial Post](https://feedsoft.ai/events/10685-china-crushers-to-crank-up-u-s-soy-purchases-in-fourth-quarter-traders.md) | +3.8% | +11.4% |
| SOY | 2019-12-10 | [Soybeans extend gains as Chinese purchases stir hopes of U.S.-China deal \| Financial Post](https://feedsoft.ai/events/12382-soybeans-extend-gains-as-chinese-purchases-stir-hopes-of-u-s-china-deal.md) | +2.8% | +4.6% |
| SOY | 2021-02-12 | [Brazil's slow soybean harvest widens U.S. export window \| Financial Post](https://feedsoft.ai/events/48690-brazil-s-slow-soybean-harvest-widens-u-s-export-window-financial-post.md) | +0.7% | +3.5% |
| SOY | 2020-08-03 | [U.S. wheat futures fall on U.S. export woes; corn, soybeans firm \| Financial Post](https://feedsoft.ai/events/51658-u-s-wheat-futures-fall-on-u-s-export-woes-corn-soybeans-firm-financial-post.md) | -3.0% | +5.9% |
| SBM | 2021-01-28 | [U.S. Soybean Crushers Buy Up Extra Beans \| Feed & Grain](https://feedsoft.ai/events/49187-u-s-soybean-crushers-buy-up-extra-beans-feed-and-grain.md) | +0.4% | -1.5% |
| SBM | 2019-12-26 | [U.S. soybean futures reach highest price since June 2018 \| Financial Post](https://feedsoft.ai/events/55626-u-s-soybean-futures-reach-highest-price-since-june-2018-financial-post.md) | -0.4% | -1.2% |
| SBM | 2020-03-04 | [Soybeans rise on hopes for export demand, financial market gains \| Financial Post](https://feedsoft.ai/events/54186-soybeans-rise-on-hopes-for-export-demand-financial-market-gains-financial-post.md) | -2.6% | +5.8% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/u-s-soybean-crushers-buy-up-extra-beans-as-supply-scramble-looms

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