Soybean Complex Crushing & Stocks Update – Nov ’20
Executive Summary U.S. soybean crush and stocks figures provided by the USDA were recently updated with values spanning through Sep ’20. Highlights from the updated report include:
- U.S. soybean crushings increased 5.4% on a YOY basis during Sep ’20, finishing higher for the ninth time in the past ten months.
- U.S. soybean cake & meal stocks declined on a YOY basis for the first time in the past six months during Sep ’20, finishing down 13.2% and reaching a four year seasonal low level.
- U.S. soybean oil stocks remained higher on a YOY basis for the ninth time in the past ten months, finishing up 7.3%.