Soybean Complex Crushing & Stocks Update – Aug ’20
Executive Summary U.S. soybean crush and stocks figures provided by the USDA were recently updated with values spanning through Jun ’20. Highlights from the updated report include:
- U.S. soybean crushings increased 12.5% on a YOY basis during Jun ’20, remaining at a record high seasonal level for the seventh consecutive month.
- U.S. soybean cake & meal stocks finished 11.8% higher on a YOY basis during Jun ’20, reaching a record high seasonal level.
- U.S. soybean oil stocks remained higher on a YOY basis for the sixth time in the past seven months, finishing up 20.7%.