# Global Ag Network | What does NOPA Crush mean for Soybeans?

> Traders are awaiting NOPA's monthly report on September soybean crush, with estimates spanning about 13 million bushels. The article notes the September crush was expected to be a record, with crush margins having fallen sharply in early October.

- Date: 2018-11-14 · published 2018-11-14T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/62107-global-ag-network-what-does-nopa-crush-mean-for-soybeans
- 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

Crush volume determines domestic soybean meal and oil output, so a strong or weak NOPA figure can shift meal and oil prices and offset weak export demand.

## Read by commodity

- SBM: neutral
- SBO: neutral
- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| SOY | 2023-09-15 | [NOPA Soybean Crush Summary - August 23](https://feedsoft.ai/events/34183-nopa-soybean-crush-summary-august-23.md) | -3.7% | -4.0% |
| SOY | 2020-05-15 | [NOPA Soybean Crush Summary April 2020](https://feedsoft.ai/events/53220-nopa-soybean-crush-summary-april-2020.md) | -0.0% | +4.3% |
| SOY | 2023-07-17 | [NOPA Soybean Crush Summary - June 2023](https://feedsoft.ai/events/35115-nopa-soybean-crush-summary-june-2023.md) | +0.4% | -6.3% |
| SOY | 2025-03-14 | [Global soybean crush forecast hits record high amid increased demand \| Feed & Grain](https://feedsoft.ai/events/25657-global-soybean-crush-forecast-hits-record-high-amid-increased-demand-feed-and.md) | +1.6% | +3.2% |
| SBM | 2023-09-15 | [NOPA Soybean Crush Summary - August 23](https://feedsoft.ai/events/34183-nopa-soybean-crush-summary-august-23.md) | -2.7% | -4.0% |
| SBM | 2020-05-15 | [NOPA Soybean Crush Summary April 2020](https://feedsoft.ai/events/53220-nopa-soybean-crush-summary-april-2020.md) | -0.9% | +1.3% |
| SBM | 2023-07-17 | [NOPA Soybean Crush Summary - June 2023](https://feedsoft.ai/events/35115-nopa-soybean-crush-summary-june-2023.md) | +3.6% | +2.7% |

## Sources

- globalagnetwork.com: https://globalagnetwork.com/ag-news-daily/articles/what-does-nopa-crush-mean-for-soybeans

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