Soybean Complex Crushing & Stocks Update – Feb ’20
Executive Summary U.S. soybean crush and stocks figures provided by USDA were recently updated with values spanning through Dec ’19. Highlights from the updated report include:
- Dec ’19 U.S. soybean crushings increased 0.5% on a YOY basis, reaching a record high seasonal level.
- Dec ’19 U.S. soybean cake & meal stocks finished 13.3% lower on a YOY basis, reaching a four year seasonal low level.
- Dec ’19 U.S. soybean oil stocks finished 6.7% higher on a YOY basis, reaching a five year high seasonal level. The YOY increase in soybean oil stocks was the first experienced throughout the past 12 months.