Soybean Complex Crushing & Stocks Update – Oct ’20
Executive Summary U.S. soybean crush and stocks figures provided by the USDA were recently updated with values spanning through Aug ’20. Highlights from the updated report include:
- U.S. soybean crushings declined 1.6% on a YOY basis during Aug ’20, finishing lower for the first time in the past nine months.
- U.S. soybean cake & meal stocks remained higher on a YOY basis for the fifth consecutive month during Aug ’20, finishing up 1.0% and reaching a record high seasonal level.
- U.S. soybean oil stocks remained higher on a YOY basis for the eighth time in the past nine months, finishing up 10.7%.