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USDA forecasts a record U.S. soybean crush for the current marketing year, at 2.78 billion bushels, up more than 5% from last year. More than half of domestic soybean oil consumption is expected to go to biofuel production.
Strong crush supports soybean meal and oil demand and farm basis values, with biofuel mandates acting as a firm pull on soybean oil prices.
air.certifiedagdealer.comPaul KindingerNov 3, 2026After 747 past bullish report events, SOY moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% over 20.
After 296 past bullish report events, SBO moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), and -0.5% over 20.
After 413 past bullish report events, SBM moved a median -0.1% over 5 sessions (48% higher; middle half -2.0% 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.
