# Record US harvest and weak crush push soybean and meal prices lower in Chicago

> Chicago soybeans and soymeal extended their downtrend as US yields remain high, September US soybean crush fell to 5.41 million tonnes versus 5.46 expected, and the US harvest reached 88% complete. Soybean oil stocks also fell to 1,458 million pounds from 1,696 million the prior month.

- Date: 2026-11-04 · published 2026-11-05T01:36:06.526Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/80936-record-us-harvest-and-weak-crush-push-soybean-and-meal-prices-lower-in-chicago
- Commodities: [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

A weak US crush and expected upward revision to US production in the USDA report point to ample supply and lower soybean meal and oil prices. The required monthly crush to meet USDA's forecast looks unlikely, adding bearish pressure.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-10-19 | [Soybean Meal Slips as Harvest Pressure Meets a Slow Crush: ADM (NYSE:ADM) in Focus](https://feedsoft.ai/events/495-soybean-meal-slips-as-harvest-pressure-meets-a-slow-crush-adm-nyse-adm-in-focus.md) | +0.2% | — |
| SOY | 2017-04-06 | [Brazil To Harvest Record Corn And Soybean Yields](https://feedsoft.ai/events/71350-brazil-to-harvest-record-corn-and-soybean-yields.md) | +0.4% | +2.2% |
| SOY | 2025-03-19 | [Record Soybean Harvest in South America and Favorable Outlook for Exports](https://feedsoft.ai/events/13874-record-soybean-harvest-in-south-america-and-favorable-outlook-for-exports.md) | -1.1% | +2.3% |
| SOY | 2018-09-21 | [Surprising Drop in Prices of Corn, Soybeans, and Soy Meal – Lider Media](https://feedsoft.ai/events/62927-surprising-drop-in-prices-of-corn-soybeans-and-soy-meal-lider-media.md) | +0.6% | +1.6% |
| SOY | 2025-10-06 | [Record U.S. Grain Harvest Collides with Storage Crunch, Weak Soybean Demand, and Trade Uncertainty - AgriBusiness Global](https://feedsoft.ai/events/16909-record-u-s-grain-harvest-collides-with-storage-crunch-weak-soybean-demand-and.md) | -1.1% | +8.0% |
| SBM | 2026-10-19 | [Soybean Meal Slips as Harvest Pressure Meets a Slow Crush: ADM (NYSE:ADM) in Focus](https://feedsoft.ai/events/495-soybean-meal-slips-as-harvest-pressure-meets-a-slow-crush-adm-nyse-adm-in-focus.md) | -1.6% | — |
| SBM | 2017-04-06 | [Brazil To Harvest Record Corn And Soybean Yields](https://feedsoft.ai/events/71350-brazil-to-harvest-record-corn-and-soybean-yields.md) | +0.9% | +1.4% |
| SBM | 2025-03-19 | [Record Soybean Harvest in South America and Favorable Outlook for Exports](https://feedsoft.ai/events/13874-record-soybean-harvest-in-south-america-and-favorable-outlook-for-exports.md) | -1.2% | -0.6% |

## Sources

- agrositio.com.ar: https://www.agrositio.com.ar/noticia/249187-cosecha-record-en-ee-uu-y-molienda-floja-hunden-los-precios-de-la-soja-y-la-harina-en-chicago.html

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