
University of Missouri researcher Ben Brown said the September 2026 soybean crush of 196.3 million bushels was nearly 8 million bushels below the average trade estimate and below September 2025. He cited limited Chinese buying and Black Sea export disruptions as weighing on sentiment.
A weak crush report signals softer soybean meal and oil demand from processors, which pressures soybean prices. Limited Chinese purchases add to the bearish tone for US soybean exports.
After 787 past bearish report events, SOY moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.
After 399 past bearish report events, SBM moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% over 20.
After 146 past bearish report events, SBO moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +1.9%), and +0.4% 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.