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US soybean crush logs a 15th straight record as September soybean meal tests $300-$307.70 levels

AI Market Summary
USDA data showing a 15th consecutive record-high U.S. soybean crush signals resilient domestic demand for soybean meal, a supportive fundamental backdrop for the oilseed complex. The report also highlights a technical trend reversal in September soybean meal, with a bullish MACD crossover and prices reclaiming key resistance. Near-term sensitivity is likely to increase around the $300–$308 area as positioning responds to improving momentum.
Impact level
● Medium
Affected assets
NCCOSOYBEANS2USD/USDT-0.48%
AI Insight · NCCOSOYBEANS2USD/USDTAI Insight
▲ Bullish
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⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
The U.S. soybean crush hit a record for a 15th consecutive month, pointing to sustained domestic demand for soybean meal, according to the USDA’s latest monthly oilseed crushings report. September soybean meal futures have reversed a prior downtrend, with the MACD flashing a bullish crossover as prices rebound above a major resistance area. The report highlights $300/ton as a value-buy zone, with additional upside targets if prices clear $307.70 and support seen at $300.00.
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.
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