Soybean Complex Crushing & Stocks Update – Sep ’19
Executive Summary U.S. soybean crush and stocks figures provided by USDA were recently updated with values spanning through Jul ’19. Highlights from the updated report include:
- Jul ’19 U.S. soybean crushings increased on a YOY basis for the first time in the past six months, finishing up 0.4% to a five year seasonal high level.
- Jul ’19 U.S. soybean cake & meal stocks declined 25.5% YOY, reaching a four year seasonal low level. Soybean cake & meal stocks declined contraseasonally throughout the month.
- Jul ’19 U.S. soybean oil stocks increased contraseasonally but remained 16.7% lower YOY, finishing lower on a YOY basis for the seventh consecutive month.