# Soybeans up for 2nd day on strong demand, U.S. crush data | Reuters

> Soybean processors posted the third heaviest monthly crush on record in October, with a likely record soybean crush pace noted. Soybeans rose for a second day on strong demand and the crush data, while corn and wheat had gained support from an earlier rally.

- Date: 2016-11-16 · published 2016-11-16T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/73886-soybeans-up-for-2nd-day-on-strong-demand-u-s-crush-data-reuters
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [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

Record crush demand supports soybean meal supply and firm soybean prices, a bullish signal for protein feed buyers.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-01-17 | [Demand for U.S. Soy Remains Strong Near Term - U.S. Soybean Export Council](https://feedsoft.ai/events/10666-demand-for-u-s-soy-remains-strong-near-term-u-s-soybean-export-council.md) | -3.8% | +0.5% |
| WHEAT | 2021-05-12 | [New-Crop December Corn Falters on Bearish WASDE; Soybeans Maintain Strong Gains](https://feedsoft.ai/events/7468-new-crop-december-corn-falters-on-bearish-wasde-soybeans-maintain-strong-gains.md) | -1.5% | -4.7% |
| WHEAT | 2022-12-16 | [International data signals strong demand \| Farm Online \| ACT](https://feedsoft.ai/events/38218-international-data-signals-strong-demand-farm-online-act.md) | -1.9% | -4.4% |
| WHEAT | 2023-07-12 | [USDA Report Bearish News for Corn and Soybeans](https://feedsoft.ai/events/34982-usda-report-bearish-news-for-corn-and-soybeans.md) | +1.5% | +3.4% |
| WHEAT | 2022-01-12 | [PF Report Reaction: USDA report data relatively mild for corn and soybeans - Pro Farmer](https://feedsoft.ai/events/13394-pf-report-reaction-usda-report-data-relatively-mild-for-corn-and-soybeans-pro.md) | +3.9% | +2.0% |
| CORN | 2021-09-29 | [Reuters Column: Will USDA's stocks data break bullish corn and soy streak? - CTRM Center](https://feedsoft.ai/events/45121-reuters-column-will-usda-s-stocks-data-break-bullish-corn-and-soy-streak-ctrm.md) | +1.6% | +2.0% |
| CORN | 2026-09-02 | [Egg demand remains strong in August 2026](https://feedsoft.ai/events/17477-egg-demand-remains-strong-in-august-2026.md) | -1.0% | +3.2% |
| CORN | 2022-07-20 | [China's sow herd at end-June up for second straight month \| Reuters](https://feedsoft.ai/events/40469-china-s-sow-herd-at-end-june-up-for-second-straight-month-reuters.md) | -6.0% | -1.2% |

## Sources

- reuters.com: https://www.reuters.com/article/world/us/soybeans-up-for-2nd-day-on-strong-demand-us-crush-data-idUSL4N1DH1C3/

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