Soybean Complex Crushing & Stocks Update – Sep ’20
Executive Summary U.S. soybean crush and stocks figures provided by the USDA were recently updated with values spanning through Jul ’20. Highlights from the updated report include:
- U.S. soybean crushings increased 2.8% on a YOY basis during Jul ’20, finishing at a record high seasonal level for the eighth consecutive month.
- U.S. soybean cake & meal stocks remained higher on a YOY basis for the fourth consecutive month during Jul ’20, finishing up 19.2%.
- U.S. soybean oil stocks remained higher on a YOY basis for the seventh time in the past eight months, finishing up 7.5%.