Soybean Complex Crushing & Stocks Update – Dec ’19
Executive Summary U.S. soybean crush and stocks figures provided by USDA were recently updated with values spanning through Oct ’19. Highlights from the updated report include:
- Oct ’19 U.S. soybean crushings increased on a YOY basis for the third time in the past four months, finishing up 2.0% and reaching a five year high seasonal level.
- Oct ’19 U.S. soybean cake & meal stocks declined 16.1% YOY, reaching a five year seasonal low level.
- Oct ’19 U.S. soybean oil stocks rebounded from the 22 month low level experienced throughout the previous month but remained 13.5% below previous year volumes.