# USDA Forecasts Record Soybean Crush on Strong Biofuel Demand

> 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.

- Date: 2026-11-03 · published 2026-11-03T21:07:31.825Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/78387-usda-forecasts-record-soybean-crush-on-strong-biofuel-demand
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Strong crush supports soybean meal and oil demand and farm basis values, with biofuel mandates acting as a firm pull on soybean oil prices.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 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) | +4.1% | +3.5% |
| SOY | 2025-05-15 | [USDA forecasts lower US soybean stocks, record crush for 2025/26 \| Feed & Grain](https://feedsoft.ai/events/24760-usda-forecasts-lower-us-soybean-stocks-record-crush-for-2025-26-feed-and-grain.md) | -0.4% | -2.3% |
| SOY | 2020-09-11 | [USDA Lowers Corn and Soybean Forecasts \| AgWired](https://feedsoft.ai/events/50974-usda-lowers-corn-and-soybean-forecasts-agwired.md) | +4.4% | +6.6% |
| SOY | 2025-06-10 | [Biofuel demand powers soybean crush growth - Missouri Soybeans](https://feedsoft.ai/events/15116-biofuel-demand-powers-soybean-crush-growth-missouri-soybeans.md) | +1.3% | -4.1% |
| SOY | 2021-02-18 | [US soybean crush post record Jan volume on robust demand, South American woes](https://feedsoft.ai/events/48717-us-soybean-crush-post-record-jan-volume-on-robust-demand-south-american-woes.md) | +2.9% | +2.5% |
| 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 | 2025-05-15 | [USDA forecasts lower US soybean stocks, record crush for 2025/26 \| Feed & Grain](https://feedsoft.ai/events/24760-usda-forecasts-lower-us-soybean-stocks-record-crush-for-2025-26-feed-and-grain.md) | -0.8% | -4.5% |
| SBO | 2025-03-14 | [Global soybean crush forecast hits record high amid increased demand \| Feed & Grain](https://feedsoft.ai/events/25657-global-soybean-crush-forecast-hits-record-high-amid-increased-demand-feed-and.md) | +2.4% | +10.0% |

## Sources

- air.certifiedagdealer.com: https://air.certifiedagdealer.com/usda-forecasts-record-soybean-crush-on-strong-biofuel-demand

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