Soybean Crush Demand Lifts Prices Across Soy Complex

Strong crush margins — now at multi-year highs — are encouraging processors to expand production.

Soybean plants growing in a field backlit by the sun

bobex73 - stock.adobe.com

LUBBOCK, TEXAS (RFD NEWS) — Strong domestic crush demand is driving higher soybean, soybean oil, and soymeal prices, according to analysis from the American Soybean Association and economist Jacquie Holland.

USDA’s latest WASDE report shifted 35 million bushels of soybean demand from exports into domestic crush, reflecting growing use tied to biofuels and livestock feed. That change helped support prices, with USDA raising the season-average soybean price to $10.30 per bushel.

Soybean oil is leading the rally. Increased demand tied to renewable diesel policy and tighter global energy supplies pushed soybean oil prices higher, with the USDA raising its price outlook 7 percent. Strong crush margins — now at multi-year highs — are encouraging processors to expand production.

Soymeal demand is also rising, supported by increased poultry and pork production as consumers shift toward lower-cost proteins. USDA raised soymeal prices by $10 per ton, reflecting strong domestic disappearance and export demand.

Globally, soybean supplies remain ample, but rising consumption — especially tied to energy and feed — continues to support the market.

Farm-Level Takeaway: Strong crush demand is supporting soybean price strength.
Tony St. James, RFD NEWS Markets Specialist
Related Stories
Global trade teams and summit discussions highlight expanding opportunities for U.S. corn and ethanol exports as nations explore renewable fuel options and reduced-carbon energy pathways.
Slightly higher output amid softer gasoline pull points to steady corn grind — watch regional stocks and export pace for basis clues.
Expect firm calf and fed-cattle prices — pair selective heifer retention with prudent hedging and liquidity to bridge rebuilding costs.
The Louisiana cotton crop is the smallest on record, but strong yields are a silver lining. LSU AgCenter’s Craig Gautreaux reports from northeast Louisiana.
Soybean farmer and Arkansas Lt. Gov. Leslie Rutledge highlights why the U.S. trade standoff with China is especially critical for Arkansas producers.
President Donald Trump says a deal is nearly done on lowering beef prices, but he has not released details.

Tony St. James joined the RFD-TV talent team in August 2024, bringing a wealth of experience and a fresh perspective to RFD-TV and Rural Radio Channel 147 Sirius XM. In addition to his role as Market Specialist (collaborating with Scott “The Cow Guy” Shellady to provide radio and TV audiences with the latest updates on ag commodity markets), he hosts “Rural America Live” and serves as talent for trade shows.

LATEST STORIES BY THIS AUTHOR:

Mexico’s tougher, two-step treatment and added checkpoints are catching cases before they can spread—good news for producers near the border.
Harvest Builds As Logistics And Input Costs Shape Fall Decisions
Focus on home radon testing—not changing your diet—because background sources vastly outweigh any exposure from naturally radioactive foods.
Prepare for acute UAN risk and a brief urea shock; maintain steady ammonia and phosphate plans, and monitor potash basis on the coasts.
Agricultural exports continue to be a key contributor to rural employment. However, rural businesses still struggle to fill numerous job openings.
Farm debt is climbing to record levels at ag banks, reflecting pressure on crop producers’ finances even as livestock and land values lend stability to the sector.