Soybean Complex Crushing & Stocks Update – Mar ’20
Executive Summary
U.S. soybean crush and stocks figures provided by USDA were recently updated with values spanning through Jan ’20. Highlights from the updated report include:
- U.S. soybean crushings increased 3.1% on a YOY basis during Jan ’20, reaching a record high seasonal level.
- U.S. soybean cake & meal stocks finished 20.5% lower on a YOY basis during Jan ’20, reaching a five year seasonal low level.
- U.S. soybean oil stocks finished 19.9% higher on a YOY basis during Jan ’20, reaching a five year high seasonal level.