Market News & Headlines >> January U.S. Soy Crush Up 4.7%
The January U.S. soybean crush was down marginally from 183.78 million bushels in December, but was up 4.7% from the January 2018 crush of 174.66 million bushels, according to Friday’s monthly USDA Fats and Oils report.
The USDA crush number was also in line with trade expectations that averaged 182.7 million bushels in a range from 180.60-183.40 million bushels, according to a Reuters News Service survey of seven analysts. The full U.S. crush for January compared with a National Oilseed Producers Association crush for the month of 171.63 million bushels.
USDA pegged Jan. 31 U.S. soybean oil stocks at 2.004 billion pounds, up 3.0% from a month earlier, but down 10.5% from a year earlier and near the low end of trade expectations that averaged 2.046 billion pounds in a range from 1.993-2.134 billion, according to a Reuters survey of 3 analysts. Jan. 31 processor stocks of soybean cake/soybean meal totaled 480,114 short tons, up 21.7% from a month earlier and up 26.6% from a year earlier.