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
As ag lawmakers in the Senate await the House vote on the Farm Bill, they are eager to discuss the challenges farmers face before it is their turn to take up the critical legislation.
March 26, 2026 04:29 PM
·
Productivity gains are supporting supply despite limited herd expansion.
March 26, 2026 03:23 PM
·
Brooks York with AgriSompo addresses how current market conditions and risk management are impacted by volatility in the Middle East, and considerations for farmers in the spring planting season.
March 26, 2026 02:57 PM
·
The Biden Administration launched the Increasing Land, Capital, and Market Access (ILCMA) program in 2023 to help underserved farmers facing barriers to land ownership.
March 26, 2026 02:20 PM
·
Farm CPA Paul Neiffer provided guidance on navigating the R&D tax credit, emphasizing record-keeping, eligibility, and maximizing potential savings as crop margins remain the key pressure point for farmers.
March 26, 2026 12:29 PM
·
RFA and ACE leaders join us to discuss the latest developments in ethanol policy, market impacts, and the path forward
March 26, 2026 11:49 AM
·
