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NOPA data showed US soybean crush fell 4.4% month-on-month in September to 196.3 million bushels, below expectations of 203.7 million. Soybean oil inventories dropped 12.3% to 1.05 billion pounds, the lowest since 2014.
Wet fields delayed beans and biofuel policy remains unsettled.
Slower crush reduces soybean meal output, which tightens meal supply, while low soyoil stocks support oil prices ahead of biofuel policy decisions.
tradingview.comOct 26, 2026After 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% over 20.
After 296 past bullish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), and -0.5% over 20.
After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% 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.
