Soybean Complex Crushing & Stocks Update – Jun ’20
Executive Summary U.S. soybean crush and stocks figures provided by the USDA were recently updated with values spanning through Apr ’20. Highlights from the updated report include:
- U.S. soybean crushings increased 6.9% on a YOY basis during Apr ’20, remaining at a record high seasonal level for the fifth consecutive month.
- U.S. soybean cake & meal stocks finished 1.3% higher on a YOY basis during Apr ’20, increasing on a YOY basis for the second time in the past three months.
- U.S. soybean oil stocks finished 17.5% higher on a YOY basis during Apr ’20, reaching a 24 month high level, overall.