Crop-livestock integrated systems possess some uniqueness in soil and plant hydro-physical properties and processes. To obtain a better understanding of these systems, it is necessary to evaluate them with indices that take into account several attributes. Our study aimed to evaluate the efficiency of the least limiting water range in determining the influence of grazing intensities on soybean yield in an Oxisol managed in a long no-till, integrated soybean-beef cattle system. We evaluated an 11 year trial located in southern Brazil, with soybean summer cropping and black oat + Italian ryegrass winter grazing and different winter grazing intensities, namely intensive, moderate and no grazing. Intensive grazing only results in the most superficial soil layer compaction. Long-term moderate grazing, on the other hand, leads to intermediate compaction, not negatively affecting surface or subsurface soil physical properties. The least limiting water range is an inadequate indicator of soil physical quality in integrated soybean-beef cattle system, provided no direct relations with soybean yields. Under normal rainfall conditions, soybean yield depend mainly on rainfall amount and distribution, rather than on soil quality.