# Bunge holds guidance as soybean crush margins slip, AGCO cuts forecast as farm equipment demand hits decade low | eFeedLink

> Bunge kept its guidance for the year as soybean crush margins slipped, while AGCO cut its forecast because farm equipment demand fell to a decade low. Both companies cited record diesel costs, disrupted Black Sea and Middle East trade flows, and weak farm income as reasons for a cautious view of 2027.

- Date: 2026-11-01 · published 2026-11-02T09:06:53.145Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/75208-bunge-holds-guidance-as-soybean-crush-margins-slip-agco-cuts-forecast-as-farm
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Slimmer crush margins reduce the incentive to process soybeans, which lowers output of meal and oil and pressures soybean meal and soybean oil prices. Higher diesel costs and weaker farm income also point to tighter feed budgets for buyers.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2017-05-18 | [U.S. grains: Soybeans fall as Brazilian currency dives - AgCanada](https://feedsoft.ai/events/7583-u-s-grains-soybeans-fall-as-brazilian-currency-dives-agcanada.md) | -2.8% | -4.7% |
| SBM | 2020-01-28 | [Soybean market looking for good news \| An official publication of Michigan Farm Bureau](https://feedsoft.ai/events/55165-soybean-market-looking-for-good-news-an-official-publication-of-michigan-farm.md) | -2.7% | -3.8% |
| SBM | 2024-12-18 | [Brazil's real hits record low as markets eye govt spending \| Reuters](https://feedsoft.ai/events/27143-brazil-s-real-hits-record-low-as-markets-eye-govt-spending-reuters.md) | +1.6% | +2.5% |
| SBM | 2020-01-13 | [World’s Worst Currency Headed Even Lower, Top Forecaster Says - Bloomberg](https://feedsoft.ai/events/55350-world-s-worst-currency-headed-even-lower-top-forecaster-says-bloomberg.md) | +0.6% | -2.4% |
| SBM | 2022-04-28 | [Poor Chinese hog margins to weigh on feed grain price outlook \| The Land \| NSW](https://feedsoft.ai/events/41839-poor-chinese-hog-margins-to-weigh-on-feed-grain-price-outlook-the-land-nsw.md) | -4.9% | -6.0% |
| SBO | 2022-09-28 | [Palm hits lowest in over 1-1/2 years as recession fears dent demand - Markets - Business Recorder](https://feedsoft.ai/events/39674-palm-hits-lowest-in-over-1-1-2-years-as-recession-fears-dent-demand-markets.md) | +2.6% | +9.3% |
| SBO | 2020-03-09 | [Corn, soybeans, wheat drop about 2% as global markets recoil \| Financial Post](https://feedsoft.ai/events/11269-corn-soybeans-wheat-drop-about-2-as-global-markets-recoil-financial-post.md) | -8.3% | -7.2% |
| SBO | 2020-02-25 | [Crude palm oil futures hit 4-month low on uncertain market sentiment \| Malay Mail](https://feedsoft.ai/events/6573-crude-palm-oil-futures-hit-4-month-low-on-uncertain-market-sentiment-malay-mail.md) | -3.1% | -11.4% |

## Sources

- efeedlink.com: https://www.efeedlink.com/articles/bunge-holds-guidance-as-soybean-crush-margins-slip-agco-cuts-forecast-as-farm-equipment-demand-hits-decade-low

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