Soybean Complex Crushing & Stocks Update – May ’20
Executive Summary U.S. soybean crush and stocks figures provided by USDA were recently updated with values spanning through Mar ’20. Highlights from the updated report include:
- U.S. soybean crushings increased 7.1% on a YOY basis during Mar ’20, reaching a record high seasonal level.
- U.S. soybean cake & meal stocks finished 20.8% lower on a YOY basis during Mar ’20, declining on a YOY basis for the fifth time in the past seven months.
- U.S. soybean oil stocks finished 5.1% higher on a YOY basis during Mar ’20, reaching a 23 month high level, overall.