# Soybean oil stocks rise slightly despite record-smashing October crush - McKeany-Flavell

> NOPA members crushed 185.2 million bushels of soybeans in October, up 15% from September and a record for the month. Crude soybean oil stocks rose 4% month over month, while soybean oil exports were the lowest monthly volume since September 2019.

- Date: 2020-11-17 · published 2020-11-17T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/50219-soybean-oil-stocks-rise-slightly-despite-record-smashing-october-crush-mckeany
- 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

Record crush output raises meal and oil supply, but strong biodiesel and edible demand kept oil stocks from building much, which supports soyoil prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-09-12 | [USDA forecasts soybean crush to keep growing - McKeany-Flavell](https://feedsoft.ai/events/63103-usda-forecasts-soybean-crush-to-keep-growing-mckeany-flavell.md) | -0.8% | +5.2% |
| SOY | 2021-05-26 | [April soybean crush well below expectations - McKeany-Flavell](https://feedsoft.ai/events/47159-april-soybean-crush-well-below-expectations-mckeany-flavell.md) | +3.4% | -8.4% |
| SOY | 2018-10-19 | [Soybean oil production increased in September - McKeany-Flavell](https://feedsoft.ai/events/62629-soybean-oil-production-increased-in-september-mckeany-flavell.md) | -2.5% | +2.9% |
| SOY | 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) | +1.9% | -1.4% |
| SOY | 2018-12-17 | [NOPA Says Record Soybean Crush for November \| Red River Farm Network](https://feedsoft.ai/events/61651-nopa-says-record-soybean-crush-for-november-red-river-farm-network.md) | -1.7% | -0.8% |
| SBM | 2018-09-12 | [USDA forecasts soybean crush to keep growing - McKeany-Flavell](https://feedsoft.ai/events/63103-usda-forecasts-soybean-crush-to-keep-growing-mckeany-flavell.md) | -4.4% | -0.2% |
| SBM | 2020-07-13 | [2019/20 soybean stocks raised to 620 million - McKeany-Flavell](https://feedsoft.ai/events/52077-2019-20-soybean-stocks-raised-to-620-million-mckeany-flavell.md) | -1.5% | -3.7% |
| SBM | 2019-11-25 | [AgriMarketing.com - U.S. Soybean Crushings Surge To Record Levels In October](https://feedsoft.ai/events/56126-agrimarketing-com-u-s-soybean-crushings-surge-to-record-levels-in-october.md) | -2.6% | +0.8% |

## Sources

- mckeany-flavell.com: https://www.mckeany-flavell.com/soybean-oil-stocks-rise-slightly-despite-record-smashing-october-crush-11-17-20/

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