Soybean Demand Warning: Crush Slips, China Buying Uncertain, But Market Support Remains

After 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.

• Oct 12, 2021WASDE Report Prints Bearish Soybean Data, Sends Market Reeling-0.5%
• Jul 31, 2019Prospects for soybean demand - Morning Ag Clips-3.5%
• Aug 12, 2021Casde: China cuts 20/2021 soybean imports, demand estimates - Fastmarkets-3.4%
• Jul 21, 2023Brazil's 2023 soybean crushing set for record highs driven by oil, meal demand+2.5%
• Jun 14, 2022China’s Soybean Demand Set to Fall Short Term, Grow Long Term | CZ app-1.6%

After 399 past bearish report events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% over 20.

• Oct 12, 2021WASDE Report Prints Bearish Soybean Data, Sends Market Reeling+0.3%
• Jul 31, 2019Prospects for soybean demand - Morning Ag Clips-1.7%
• Jun 19, 2026Soybean meal and oil: global demand sustains market, but excess supply pressures prices in the second half of the year+1.2%
• Aug 12, 2021Casde: China cuts 20/2021 soybean imports, demand estimates - Fastmarkets+0.4%
• Jul 21, 2023Brazil's 2023 soybean crushing set for record highs driven by oil, meal demand+4.5%

After 296 past bullish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), and -0.5% over 20.

• Mar 24, 2025China’s soybean demand, crush projected to grow | World Grain+3.3%
• Jan 6, 2026WASDE Preview: Strong Crush Demand, Ethanol Production, and Supply Chain Uncertainty Shape Grain Markets - RFD-TV+0.0%
• Jun 19, 2026Soybean meal and oil: global demand sustains market, but excess supply pressures prices in the second half of the year+1.6%
• Jun 16, 2020Weather, China and soybean crush key market factors – Ohio Ag Net | Ohio's Country Journal+2.2%
• Nov 16, 2016Soybeans up for 2nd day on strong demand, U.S. crush data | Reuters+0.8%