
USDA's April WASDE moved 35 million bushels of soybean exports into crush, leaving 2025/26 ending stocks unchanged and raising the season average soybean price to $10.30/bu. Soybean oil prices hit three-year highs and Midwest crush margins reached a 2.5-year high after EPA's final RVO guidance and energy gains tied to Persian Gulf supply disruptions.
May 2026 soybean futures closed near $11.655/bu.
Stronger crush demand and higher soybean oil prices lift soy complex values, while the USDA price increase signals firmer farm-level prices ahead.
在过去 747 次看涨的报告事件之后,大豆 在 5 个交易日内中位数变动 +0.3%(54% 上涨;中间一半区间为 -1.4% 至 +2.1%),20 个交易日内为 +0.8%。
在过去 296 次看涨的报告事件之后,豆油 在 5 个交易日内中位数变动 -0.0%(49% 上涨;中间一半区间为 -1.8% 至 +2.0%),20 个交易日内为 -0.5%。
在过去 399 次看跌的报告事件之后,豆粕 在 5 个交易日内中位数变动 -0.4%(44% 上涨;中间一半区间为 -2.4% 至 +1.2%),20 个交易日内为 -1.0%。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件;仅描述已发生的情况,不代表未来走势。不构成投资建议。
USDA's shift of soybean exports into crush, plus EPA RVO guidance and Gulf-related energy gains, supports crush and biofuel demand for soyoil and underpins the elevated price level.