Soybean Complex Crushing & Stocks Update – Apr ’20
Executive Summary U.S. soybean crush and stocks figures provided by USDA were recently updated with values spanning through Feb ’20. Highlights from the updated report include:
- U.S. soybean crushings increased 4.0% on a YOY basis during Feb ’20, reaching a record high seasonal level.
- U.S. soybean cake & meal stocks finished 50.5% higher on a YOY basis during Feb ’20, increasing on a YOY basis for the first time in the past three months.
- U.S. soybean oil stocks finished 13.3% higher on a YOY basis during Feb ’20, reaching a 21 month high level, overall.