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U.S. soybean crush (NASS Fats & Oils)

September 2026 data · released Nov 2, 2026 · next release Dec 1

Soybean crush through September is 7.2% of USDA’s 2026/27 crush projection, below the 5-yr range (7.5%–8.0%, n = 5).

Target from the October 2026 WASDE, the one public at this release (point-in-time).n = 5small sample
Crush in September
198.8 mil. bu
5.96 million short tons ≈ 5.41 MMT
2026/27 to date
198.8 mil. bu
7.2% of 2.78 bil. bu (October 2026 WASDE)
Oil yield
11.62 lb/bu
2.31 billion lb of crude oil
Next NASS release
Dec 1, 2026
About the 1st business day, 15:00 ET
Chapter 01 · Crush · pace

Pace vs USDA and the 5 previous years

−2.0−1.00+1.0pp vs 5-yr meanSepNovJanMarMayJul
2026/27 (current)5 prior years: range5-yr mean (0)each prior year (2021/22, 2022/23, 2023/24, 2024/25, 2025/26)month of the marketing year (Sep–Aug)

Each line is that year’s crush to date as % of the USDA projection, minus the 5-yr mean at the same month, in percentage points. Below zero = behind the usual pace.

History = % of the USDA projection at the time: each past month is divided by the WASDE crush projection that was public when NASS first printed it, never a later one.

below the 5-yr rangen = 5small sample· History = % of the USDA projection at the time· History window: 2015-10+ (NASS files on ESMIS)· Each NASS release revises the previous month
Show data table
Soybean crush to date as a share of USDA’s crush projection, by month of the marketing year, plotted in percentage points vs the 5-yr mean; 2026/27 through September: 7.2%; 5 prior years at that month: 7.5% to 8.0%.
Month2026/275-yr mean5-yr min5-yr maxvs mean (pp)n
Sep7.2%7.7%7.5%8.0%−0.55
Oct—16.6%16.2%17.3%—5
Nov—25.2%24.7%25.9%—5
Dec—34.1%33.0%34.7%—5
Jan—42.7%41.8%43.6%—5
Feb—50.8%50.0%51.8%—5
Mar—59.4%58.9%59.8%—5
Apr—67.6%67.3%67.8%—5
May—75.8%75.3%76.2%—5
Jun—83.9%83.6%84.4%—5
Jul—92.2%91.8%92.6%—5
Aug—99.8%99.6%100.0%—5
Chapter 02 · Crush · still needed

What is still needed

To reach USDA’s 2.78 bil. bu, crush must average 234.7 mil. bu a month over the 11 months left, 1.06× the 221.9 mil. bu the same months averaged in 2025/26.

The same months in 2025/26

0100 mil. bu200 mil. bu300 mil. buOct: 236 mil. buNov: 221 mil. buDec: 230 mil. buJan: 228 mil. buFeb: 214 mil. buMar: 232 mil. buApr: 218 mil. buMay: 213 mil. buJun: 218 mil. buJul: 222 mil. buAug: 210 mil. buneeded: 234.7 mil. bu/moOctNovDecJanFebMarAprMayJunJulAug
n = 11· Each NASS release revises the previous month
Chapter 03 · Crush · oil yield

Oil yield per bushel

September crude oil yield was 11.62 lb/bu, below the 5-yr range for September (11.74 lb/bu–11.91 lb/bu, n = 5). The October 2026 WASDE implies 11.85 lb/bu (soybean oil production ÷ crush).

11.411.611.812.0SepNovJanMarMayJul
2026/27 (current)5 prior years: range5-yr meanWASDE-implied 11.85 lb/bu

Yields as first printed by NASS; the band is the same month of the 5 prior years. WASDE’s oil year runs Oct–Sep, the crush year Sep–Aug. The y axis does not start at zero.

below the 5-yr rangen = 5small sample· History window: 2015-10+ (NASS files on ESMIS)· WASDE’s oil year is Oct–Sep, the crush year Sep–Aug
Show data table
Crude soybean oil yield by month of the marketing year; September: 11.62 lb/bu; 5 prior years: 11.74 lb/bu to 11.91 lb/bu; WASDE-implied 11.85 lb/bu.
Month2026/275-yr mean5-yr min5-yr maxn
Sep11.62 lb/bu11.85 lb/bu11.74 lb/bu11.91 lb/bu5
Oct—11.89 lb/bu11.80 lb/bu11.93 lb/bu5
Nov—11.67 lb/bu11.48 lb/bu11.85 lb/bu5
Dec—11.69 lb/bu11.56 lb/bu11.82 lb/bu5
Jan—11.73 lb/bu11.52 lb/bu11.89 lb/bu5
Feb—11.78 lb/bu11.57 lb/bu11.84 lb/bu5
Mar—11.80 lb/bu11.60 lb/bu11.97 lb/bu5
Apr—11.82 lb/bu11.59 lb/bu11.96 lb/bu5
May—11.79 lb/bu11.58 lb/bu11.93 lb/bu5
Jun—11.84 lb/bu11.63 lb/bu11.93 lb/bu5
Jul—11.82 lb/bu11.60 lb/bu11.91 lb/bu5
Aug—11.86 lb/bu11.68 lb/bu11.94 lb/bu5
Explore: monthly crush, oil and meal

Last 24 months (latest revised values)

MonthMarketing yearCrushed (short tons)Crushed (bu)Crude oil (1,000 lb)Meal (short tons)Oil yieldRevised
September 20262026/275,964,861198.8 mil. bu2,309,8064,187,16111.62 lb/bu—
August 20262025/266,289,327209.6 mil. bu2,447,9174,663,93311.68 lb/bu—
July 20262025/266,657,663221.9 mil. bu2,573,2584,922,95311.60 lb/bu—
June 20262025/266,534,388217.8 mil. bu2,532,9994,848,98911.63 lb/bu—
May 20262025/266,393,408213.1 mil. bu2,468,2324,735,52911.58 lb/bu—
April 20262025/266,525,326217.5 mil. bu2,522,0134,833,20211.59 lb/burevised
March 20262025/266,954,012231.8 mil. bu2,685,4045,162,83111.59 lb/burevised
February 20262025/266,426,352214.2 mil. bu2,478,7514,752,57711.57 lb/bu—
January 20262025/266,839,394228.0 mil. bu2,626,8335,061,96211.52 lb/burevised
December 20252025/266,895,963229.9 mil. bu2,657,3995,107,25911.56 lb/bu—
November 20252025/266,615,176220.5 mil. bu2,532,2844,880,77911.48 lb/bu—
October 20252025/267,090,382236.3 mil. bu2,740,9935,218,44111.60 lb/burevised
September 20252025/266,148,544205.0 mil. bu2,406,0394,528,16311.74 lb/bu—
August 20252024/255,941,050198.0 mil. bu2,354,5464,411,20211.89 lb/bu—
July 20252024/256,155,209205.2 mil. bu2,436,7254,556,45511.88 lb/burevised
June 20252024/255,907,743196.9 mil. bu2,349,1334,387,06011.93 lb/burevised
May 20252024/256,111,115203.7 mil. bu2,415,5074,522,40111.86 lb/bu—
April 20252024/256,071,540202.4 mil. bu2,402,8794,508,93811.87 lb/bu—
March 20252024/256,202,642206.8 mil. bu2,475,2074,608,76111.97 lb/burevised
February 20252024/255,687,304189.6 mil. bu2,245,1904,206,73611.84 lb/burevised
January 20252024/256,376,635212.6 mil. bu2,526,6574,712,36511.89 lb/bu—
December 20242024/256,531,043217.7 mil. bu2,572,6224,826,26111.82 lb/bu—
November 20242024/256,301,225210.0 mil. bu2,489,9414,662,62611.85 lb/bu—
October 20242024/256,473,504215.8 mil. bu2,543,4534,771,51411.79 lb/bu—

NASS units: tons = short tons (2,000 lb); oil in 1,000 lb; bushels = short tons × 33.3333 (60 lb/bu).

Take this report

History window: NASS Fats & Oils files on ESMIS start with the October 2015 release, so 2015/16 is the first complete marketing year; no crush comparison reaches further back.

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