# U.S. grains: Soybeans down on positioning, crush pace - AgCanada

> U.S. soybean futures fell after NOPA data showed processors crushed far fewer beans than expected in August. Soyoil stocks fell to their lowest level in nearly six years, which supported soyoil futures.

- Date: 2023-09-15 · published 2023-09-15T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/7184-u-s-grains-soybeans-down-on-positioning-crush-pace-agcanada
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A slow crush reduces soybean meal output and demand for beans, while tight soyoil stocks support oil prices and biodiesel-linked demand.

## Read by commodity

- SBO: bullish ▲
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-08-12 | [U.S. grains: Soybean, grains futures drop as traders shed risk - AgCanada](https://feedsoft.ai/events/5618-u-s-grains-soybean-grains-futures-drop-as-traders-shed-risk-agcanada.md) | -2.7% | -3.5% |
| SOY | 2019-08-27 | [U.S. grains: Soy slumps on improved crop rating - Grainews](https://feedsoft.ai/events/57605-u-s-grains-soy-slumps-on-improved-crop-rating-grainews.md) | +0.3% | +4.7% |
| SOY | 2018-08-10 | [Soybeans, Grains Plunge After USDA Raises Production Forecasts](https://feedsoft.ai/events/63478-soybeans-grains-plunge-after-usda-raises-production-forecasts.md) | -0.3% | -6.3% |
| SOY | 2026-04-11 | [Soybeans up and corn down in planting report - High Plains Journal](https://feedsoft.ai/events/19799-soybeans-up-and-corn-down-in-planting-report-high-plains-journal.md) | -0.7% | +1.6% |
| SOY | 2023-09-20 | [Grain Journal \| NOPA August U.S. Soybean Crush Below Most Estimates…](https://feedsoft.ai/events/34178-grain-journal-nopa-august-u-s-soybean-crush-below-most-estimates.md) | -1.0% | -1.4% |
| SBO | 2016-11-16 | [Soybeans up for 2nd day on strong demand, U.S. crush data \| Reuters](https://feedsoft.ai/events/73886-soybeans-up-for-2nd-day-on-strong-demand-u-s-crush-data-reuters.md) | +0.8% | +7.4% |
| SBO | 2026-09-15 | [Grains-soybeans, soymeal rise on US crush data; wheat turns higher - DBA News \| Rallies](https://feedsoft.ai/events/17556-grains-soybeans-soymeal-rise-on-us-crush-data-wheat-turns-higher-dba-news.md) | -2.7% | -0.8% |
| SBO | 2025-01-10 | [Soybeans Post Rally on USDA Data Day](https://feedsoft.ai/events/8105-soybeans-post-rally-on-usda-data-day.md) | +7.6% | +9.6% |

## Sources

- agcanada.com: https://www.agcanada.com/daily/u-s-grains-soybeans-down-on-positioning-crush-pace

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