August WASDE
A quick look at the WASDE numbers. Soybean yield per harvested acre increased by 1.4 bushels, moving from 48 bushels per acre to 49.4. This bumped production/supply higher. The crush was reduced and exports increased, leading to a slight 15 million bushel increase to ending stocks.
Soybean oil saw a reduction to production, due to lowered crushing expectations. This led to a 230-million-pound reduction in stocks, which are…
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