🚨 NOPA NOVEMBER 2025 — THE NUMBERS SPEAK, THE MARKET LISTENS 🚨

📊 SOYBEAN CRUSH: 193.19M BUSHELS

👇

Yes, below what the market dreamed…

but ⚠️ IT IS STILL THE LARGEST NOVEMBER IN HISTORY.

That is not weakness.

That is structural demand.

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🛢️ SOYBEAN OIL — RESERVES: 1.305B LBS

📈 Up vs October.

What’s the translation?

👉 Strong production

👉 Steady flow

👉 Industrial capacity at maximum

It’s not a collapse in demand.

It’s a machine working non-stop.

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⚙️ DAILY PACE: 6.44M BUSHELS/DAY

A little below the record from October…

but still at EXTREME levels.

📌 When “slightly lower” is still historic,

the message is clear: demand HAS NOT BROKEN.

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🧠 WHAT THE MARKET REALLY SEES (NOT TWITTER):

❌ It’s not a bearish report

❌ It’s not a sign of cooling

❌ It’s not the end of the crush boom

✅ It is:

• Solid and sustained demand

• Tight industrial capacity

• Firm base for soybeans, oil, and meal

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💥 BRUTAL CONCLUSION

Anyone who sees “below estimates” and screams panic

👉 does not understand context.

📊 November record

📊 Historic pace

📊 Manageable inventories

🔥 This is not weakness — it is consolidation at high levels.

When the crush remains like this:

🌾 Soybeans don’t drop easily

🛢️ Oil remains in play

📈 The market stays sensitive to any bullish shock

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🧨 FINAL MESSAGE

Don’t just look at the headline.

Look at the level.

Look at the history.