Soybean Complex Crushing & Stocks Update – Oct ’19
Executive Summary U.S. soybean crush and stocks figures provided by USDA were recently updated with values spanning through Aug ’19. Highlights from the updated report include:
- Aug ’19 U.S. soybean crushings increased on a YOY basis for the second consecutive month, finishing up 4.7% to a five year seasonal high level.
- Aug ’19 U.S. soybean cake & meal stocks increased 7.0% YOY, reaching a five year seasonal high level. Soybean cake & meal stocks increased contraseasonally throughout the month.
- Aug ’19 U.S. soybean oil stocks declined to a 21 month low level, finishing 21.9% below previous year volumes and reaching a five year seasonal low.