# U.S. Soybean Crush: Why Stocks Are Falling While Crush Slows for CBOT:ZLZ2026 by mintdotfinance — TradingView

> 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.

- Date: 2026-10-26 · published 2026-10-29T06:13:13.838Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/508-u-s-soybean-crush-why-stocks-are-falling-while-crush-slows-for-cbot-zlz2026-by
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Slower crush reduces soybean meal output, which tightens meal supply, while low soyoil stocks support oil prices ahead of biofuel policy decisions.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2022-06-10 | [USDA Sees Smaller Soybean Stocks for Old and New Crops](https://feedsoft.ai/events/40896-usda-sees-smaller-soybean-stocks-for-old-and-new-crops.md) | +0.3% | +7.6% |
| SBM | 2025-05-12 | [USDA May report: Record corn crop, tight soybean stocks for 2025-26](https://feedsoft.ai/events/24608-usda-may-report-record-corn-crop-tight-soybean-stocks-for-2025-26.md) | +1.3% | +2.3% |
| SBM | 2020-11-10 | [USDA Lowers Corn, Soybean and Wheat Ending Stocks](https://feedsoft.ai/events/50091-usda-lowers-corn-soybean-and-wheat-ending-stocks.md) | +1.4% | -0.6% |
| SBM | 2023-03-08 | [USDA Trims Soybean Ending Stocks, Bumps Up Corn](https://feedsoft.ai/events/36817-usda-trims-soybean-ending-stocks-bumps-up-corn.md) | -1.9% | -8.4% |
| SBM | 2026-03-24 | [Soybean and Sunflower Crush Rise, Stocks Hold Steady - RFD-TV](https://feedsoft.ai/events/20254-soybean-and-sunflower-crush-rise-stocks-hold-steady-rfd-tv.md) | -3.7% | -0.8% |
| SBO | 2025-05-15 | [USDA forecasts lower US soybean stocks, record crush for 2025/26 \| Feed & Grain](https://feedsoft.ai/events/24760-usda-forecasts-lower-us-soybean-stocks-record-crush-for-2025-26-feed-and-grain.md) | -0.8% | -4.5% |
| SBO | 2022-08-12 | [NOPA July U.S. soybean crush forecast at 171.525 million bushels -survey](https://feedsoft.ai/events/40128-nopa-july-u-s-soybean-crush-forecast-at-171-525-million-bushels-survey.md) | -3.4% | +0.3% |
| SBO | 2024-02-21 | [US exporters losing battle for domestic soybeans to expanding crush](https://feedsoft.ai/events/31702-us-exporters-losing-battle-for-domestic-soybeans-to-expanding-crush.md) | -1.9% | +4.7% |

## Sources

- tradingview.com: https://www.tradingview.com/chart/ZLZ2026/MkIpiiUH-U-S-Soybean-Crush-Why-Stocks-Are-Falling-While-Crush-Slows/

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