# Near record US soybean crush falls short of estimate: NOPA - Fastmarkets

> The National Oilseed Processors Association reported the December US soybean crush at 183.2 million bushels, the second-highest on record but below market estimates of 185.2 million bushels. Soybean oil stocks were also reported below expectations at 1.699 billion pounds.

- Date: 2021-01-15 · published 2021-01-15T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/49226-near-record-us-soybean-crush-falls-short-of-estimate-nopa-fastmarkets
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A crush slightly below expectations and lower-than-expected oil stocks suggest firm meal and oil demand, supporting soybean product prices while the board crush margin stayed above $1 per bushel.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2022-04-20 | [US soybean crush hit a record high for March: NOPA 20.04.2022 - UkrAgroConsult](https://feedsoft.ai/events/41923-us-soybean-crush-hit-a-record-high-for-march-nopa-20-04-2022-ukragroconsult.md) | -4.0% | -11.4% |
| SBM | 2021-11-10 | [PF Report Reaction: USDA unexpectedly trims its soybean crop estimate - Pro Farmer](https://feedsoft.ai/events/13412-pf-report-reaction-usda-unexpectedly-trims-its-soybean-crop-estimate-pro-farmer.md) | +6.8% | +4.9% |
| SBM | 2020-10-16 | [September soybean crush sets record for month - McKeany-Flavell](https://feedsoft.ai/events/50713-september-soybean-crush-sets-record-for-month-mckeany-flavell.md) | +2.8% | +4.3% |
| SBM | 2024-05-13 | [Soybean commentary: Futures rebound despite higher USDA stocks forecast - Fastmarkets](https://feedsoft.ai/events/13925-soybean-commentary-futures-rebound-despite-higher-usda-stocks-forecast.md) | -0.2% | -3.0% |
| SBM | 2018-09-12 | [USDA Pushes Corn, Soybean Yield Estimates Higher](https://feedsoft.ai/events/62988-usda-pushes-corn-soybean-yield-estimates-higher.md) | -4.4% | -0.2% |
| SBO | 2026-09-07 | [Soybean oil used to produce US biofuels reaches new record in June - Fastmarkets](https://feedsoft.ai/events/14991-soybean-oil-used-to-produce-us-biofuels-reaches-new-record-in-june-fastmarkets.md) | -2.6% | -5.2% |
| SBO | 2026-08-03 | [US soybean oil use for biofuels production hits record high in May - Fastmarkets](https://feedsoft.ai/events/14999-us-soybean-oil-use-for-biofuels-production-hits-record-high-in-may-fastmarkets.md) | +2.6% | -0.7% |
| SBO | 2022-04-20 | [US soybean crush hit a record high for March: NOPA 20.04.2022 - UkrAgroConsult](https://feedsoft.ai/events/41923-us-soybean-crush-hit-a-record-high-for-march-nopa-20-04-2022-ukragroconsult.md) | +1.3% | -1.8% |

## Sources

- fastmarkets.com: https://www.fastmarkets.com/insights/near-record-us-soybean-crush-falls-short-of-estimate-nopa/

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