The October World Agriculture Supply and Demand Estimates (WASDE) were released earlier today. The 2022/23 soybean crush was reduced eight million bushels to 2.212 billion, while the 2023/24 crush estimate was raised 10 million bushels to 2.3 billion.
The 2023/24 soybean yield edged 0.8 bushels per harvested acre lower, resulting in an expected production decline of 42 million bushels to 4.104 billion bushels for the 2023/24 crop season. Despite the expected rise in the 2023/24 crush, soybean ending stocks were left unchanged. The loss in production was largely offset by a decline in exports, leaving ending stocks at 220 million bushels.
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02.04.2025
Chicago, Gulf animal fats and oils markets strengthen despite ongoing uncertainty
The US animal fats and oils markets were stable to higher on Tuesday February 4, as Chicago market activity saw a notable uptick throughout the day.
Six railcars...
02.04.2025
Light trade volume leaves most US animal protein prices flat
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Ruminant meat and bonemeal, Missouri River, was reported as steady from Monday February...
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December US soybean crush, corn consumption up month on month
US soybean crush above monthly, yearly levels
Soybeans crushed for crude oil totaled 218 million bushels in December 2024, up by 7% from November and by 4% from...