Soybean Complex Crushing & Stocks Update – Jul ’20
Executive Summary U.S. soybean crush and stocks figures provided by the USDA were recently updated with values spanning through May ’20. Highlights from the updated report include:
- U.S. soybean crushings increased 8.5% on a YOY basis during May ’20, remaining at a record high seasonal level for the sixth consecutive month.
- U.S. soybean cake & meal stocks finished 60.0% higher on a YOY basis during May ’20, reaching a five year high seasonal level.
- U.S. soybean oil stocks finished 23.2% higher on a YOY basis during May ’20, reaching a four year high seasonal level.