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NOPA reported September soybean crush of 196.3 million bushels, a 13-month low. The board crush margin was about US$2.63 per bushel, down 4 cents on the prior Friday, as soybean meal slipped amid harvest pressure.
A slow crush reduces soybean meal output, but harvest pressure and weak processing margins are keeping meal prices under pressure. Buyers should expect ample near-term meal supply.
kalkine.comOct 19, 2026After 399 past bearish report events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% over 20.
After 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.
After 114 past neutral report events, Soybean Oil moved a median +0.1% over 5 sessions (52% higher; middle half -1.7% to +1.4%), and +0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
