# Soybean Meal Slips as Harvest Pressure Meets a Slow Crush: ADM (NYSE:ADM) in Focus

> 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.

- Date: 2026-10-19 · published 2026-10-19T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/495-soybean-meal-slips-as-harvest-pressure-meets-a-slow-crush-adm-nyse-adm-in-focus
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

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.

## Read by commodity

- SBM: bearish ▼
- SBO: neutral
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2026-05-08 | [SunSirs: Analysis of Loose Soybean Meal Supply and Price Pressure in China in May](https://feedsoft.ai/events/19329-sunsirs-analysis-of-loose-soybean-meal-supply-and-price-pressure-in-china-in-may.md) | +6.9% | -0.9% |
| SBM | 2026-06-11 | [Argentina grain exchange raises soybean crop forecast as harvest progresses](https://feedsoft.ai/events/13793-argentina-grain-exchange-raises-soybean-crop-forecast-as-harvest-progresses.md) | +0.1% | +4.5% |
| SBM | 2021-10-04 | [Post-report pressure on soybean, soy meal futures - McKeany-Flavell](https://feedsoft.ai/events/44616-post-report-pressure-on-soybean-soy-meal-futures-mckeany-flavell.md) | -2.4% | +1.4% |
| SBM | 2018-01-15 | [Brazil forecasts 110m tons of soybeans and 25m tons of corn in 2017/18 harvest — MercoPress](https://feedsoft.ai/events/66834-brazil-forecasts-110m-tons-of-soybeans-and-25m-tons-of-corn-in-2017-18-harvest.md) | +9.3% | +15.5% |
| SBM | 2023-09-20 | [Grain Journal \| NOPA August U.S. Soybean Crush Below Most Estimates…](https://feedsoft.ai/events/34178-grain-journal-nopa-august-u-s-soybean-crush-below-most-estimates.md) | +0.6% | +1.5% |
| SOY | 2026-06-11 | [Argentina grain exchange raises soybean crop forecast as harvest progresses](https://feedsoft.ai/events/13793-argentina-grain-exchange-raises-soybean-crop-forecast-as-harvest-progresses.md) | +0.8% | +6.5% |
| SOY | 2021-10-04 | [Post-report pressure on soybean, soy meal futures - McKeany-Flavell](https://feedsoft.ai/events/44616-post-report-pressure-on-soybean-soy-meal-futures-mckeany-flavell.md) | -0.3% | -0.9% |
| SOY | 2018-01-15 | [Brazil forecasts 110m tons of soybeans and 25m tons of corn in 2017/18 harvest — MercoPress](https://feedsoft.ai/events/66834-brazil-forecasts-110m-tons-of-soybeans-and-25m-tons-of-corn-in-2017-18-harvest.md) | +4.3% | +6.1% |

## Sources

- kalkine.com: https://kalkine.com/news/industrials/soybean-meal-slips-as-harvest-pressure-meets-a-slow-crush-adm-nyseadm-in-focus

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