
NOPA reported that March US soybean crush hit a record 171.8 million bushels, the fifth straight monthly rise. Soymeal exports were just under 900,000 tonnes.
Zaner's Brian Grossman expects strong US demand to persist while Argentine drought keeps Argentina buying US soybeans.
Record crush supports soymeal output and strong export demand, while Argentine shortfalls underpin soybean and meal prices.
After 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% over 20.
After 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.
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.