Soybean Complex Crushing & Stocks Update – Jan ’20
Executive Summary U.S. soybean crush and stocks figures provided by USDA were recently updated with values spanning through Nov ’19. Highlights from the updated report include:
- Nov ’19 U.S. soybean crushings declined on a YOY basis for the second time in the past three months, finishing down 1.9%.
- Nov ’19 U.S. soybean cake & meal stocks increased 44.5% on a YOY basis, reaching a five year seasonal high level.
- Nov ’19 U.S. soybean oil stocks increased to a four month high level but remained 3.8% below previous year volumes.