# USDA forecasts soybean crush to keep growing - McKeany-Flavell

> USDA raised its 2017/18 soybean crush estimate to 2.055 billion bushels and projected 2018/19 crush at 2.070 billion bushels. Soybean meal production was lifted by 400,000 tons, with biodiesel use of soybean oil projected at 7.8 billion pounds.

- Date: 2018-09-12 · published 2018-09-12T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/63103-usda-forecasts-soybean-crush-to-keep-growing-mckeany-flavell
- 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

Higher crush expands soybean meal supply, which is bearish for meal prices, while strong biodiesel demand for oil supports soybean oil values. The revised balance sheet indicates ample processing supply for feed buyers.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2024-08-12 | [USDA Forecasts Record Soybean Crop](https://feedsoft.ai/events/28713-usda-forecasts-record-soybean-crop.md) | -6.5% | -2.3% |
| SBM | 2020-08-12 | [USDA forecasts record high corn, soybean yields](https://feedsoft.ai/events/51457-usda-forecasts-record-high-corn-soybean-yields.md) | +5.0% | +10.2% |
| SBM | 2020-11-17 | [Soybean oil stocks rise slightly despite record-smashing October crush - McKeany-Flavell](https://feedsoft.ai/events/50219-soybean-oil-stocks-rise-slightly-despite-record-smashing-october-crush-mckeany.md) | +1.4% | -0.3% |
| 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 | 2025-02-27 | [USDA Forecasts Record Corn Crop, Larger Soybean Crop for 2025-26](https://feedsoft.ai/events/13114-usda-forecasts-record-corn-crop-larger-soybean-crop-for-2025-26.md) | -0.1% | +0.6% |
| SBO | 2020-10-16 | [September soybean crush sets record for month - McKeany-Flavell](https://feedsoft.ai/events/50713-september-soybean-crush-sets-record-for-month-mckeany-flavell.md) | +1.6% | +11.7% |
| SBO | 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) | -2.5% | -12.8% |
| SBO | 2019-01-16 | [December soybean crush up 3 percent from last year - McKeany-Flavell](https://feedsoft.ai/events/61192-december-soybean-crush-up-3-percent-from-last-year-mckeany-flavell.md) | +4.0% | +6.2% |

## Sources

- mckeany-flavell.com: https://www.mckeany-flavell.com/usda-soybean-crush-growing-09-12-18/

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