# Strong Crush Margins May Increase Processing

> USDA raised its 2020/21 US soybean crush by 15 million bushels to a record 2.195 billion bushels. NOPA reported November crush of 181.0 million bushels, the largest November on record. Soybean meal and oil values have rallied alongside soybeans amid strikes at Argentine crushing plants.

- Date: 2020-12-23 · published 2020-12-23T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/49719-strong-crush-margins-may-increase-processing
- 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

Strong crush pace boosts meal and oil output and demand for soybeans, supporting soybean prices. Argentine labor disruption adds support to meal and oil prices as buyers may shift demand to US supply.

## Read by commodity

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

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2020/12/23/strong-crush-margins-may-increase

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