Soybean Complex Crushing & Stocks Update – Dec ’20
Executive Summary U.S. soybean crush and stocks figures provided by the USDA were recently updated with values spanning through Oct ’20. Highlights from the updated report include:
- U.S. soybean crushings increased 5.0% on a YOY basis during Oct ’20, finishing higher for the tenth time in the past 11 months.
- U.S. soybean cake & meal stocks increased on a YOY basis for the sixth time in the past seven months during Oct ’20, finishing up 2.3%.
- U.S. soybean oil stocks remained higher on a YOY basis for the tenth time in the past 11 months, finishing up 6.3%.