Crushing Expectations Lowered in March WASDE

The USDA decreased soybean crushing estimates for the 2015/16 crop year in their latest WASDE release. Today, crushing expectations were reduced by 10 million bushels to 1.87 billion bushels. The bushels diverted from crushing activity were reflected as an increase to ending stocks.  Ending stocks are now projected at 460 million bushels; up 10 million from February.

Lower expected crushing activity reduced…