*Please Note – Bob Lane will be out of the office through Friday, January 5, 2024, returning on Monday, January 8. In his absence, please contact Amanda Luhavalja at 845-741-3873, or [email protected].*
U.S. soybean crushing volumes totaled 200 million bushels in November 2023, the USDA reported on January 2 in its Monthly Fats & Oils report. The crush figure was down 0.5 percent from the October soybean crush but was an all-time record high for the month of November.
Crude soybean oil produced in November was 2.32 billion pounds, down two percent on the month but gaining six percent from the same month in 2022. Refined U.S. soybean oil production totaled 1.71 billion pounds in November, decreasing nine percent from October but rising five percent from November 2022.
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