Soybean Complex Crushing & Stocks Update – Jan ’21
Executive Summary U.S. soybean crush and stocks figures provided by the USDA were recently updated with values spanning through Nov ’20. Highlights from the updated report include:
- U.S. soybean crushings increased 9.4% on a YOY basis during Nov ’20, finishing higher for the 11th time in the past 12 months.
- U.S. soybean cake & meal stocks declined on a YOY basis for just the second time in the past eight months during Nov ’20, finishing down 2.6%.
- U.S. soybean oil stocks remained higher on a YOY basis for the 11th time in the past 12 months, finishing up 10.7%.