USDA March crush data was in line with expectations and with the data previously released by the National Oilseed Processors Association (NOPA). Per the USDA, 188.2 million bushels of beans were crushed during March, resulting in 2.22 billion pounds of oil and 4.18 million tons of meal. The March soybean crush was 14.5 percent over the February crush but two percent under the March 2020 crush. Crude oil production increased 15.2 percent and soybean meal output was of 14.4 percent over February output.
Soybean meal and soybean oil stocks fell to a three-month low. March meal stocks of 415,418 tons are 23.7 percent below February and fractionally under March 2020 stock levels. Crude soybean oil stocks of 1.86 billion pounds are 3.6 percent below February but 12.7 percent over levels at this time last year. Total soybean oil stocks, crude and once refined, are 2.5 billion pounds, 60,710 under…
02.21.2025
US animal fats and oils markets finish week strong; broader uncertainty persists
The US animal fats and oils markets ended Friday February 21 on a relatively quiet note, though broader market developments throughout the week have added ongoing uncertainty to the...
02.21.2025
Sausage casings bulletin, February 21, 2025
Runner market commentary
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02.21.2025
US weekly net soybean meal exports, sales retreat again
In the week to February 13, US net soybean meal and soybean cake sales and exports continued to decline but were above most analysts' estimates, data released by the...