Soybean Complex Crushing & Stocks Update – Nov ’19
Executive Summary U.S. soybean crush and stocks figures provided by USDA were recently updated with values spanning through Sep ’19. Highlights from the updated report include:
- Sep ’19 U.S. soybean crushings declined on a YOY basis for the first time in the past three months, finishing down 4.3% but remaining at the second highest seasonal level experienced throughout the past five years.
- Sep ’19 U.S. soybean cake & meal stocks declined 28.1% YOY but remained at the second highest seasonal level experienced throughout the past five years.
- Sep ’19 U.S. soybean oil stocks declined to a 22 month low level, finishing 15.0% below previous year volumes and reaching a five year seasonal low.