The USDA’s Monthly Fats and Oils report, released on Tuesday September 3, showed that US processors crushed 193 million bushels of soybeans in July. This was up by about 5% month on month and by 4.3% year on year.
It is common for soybean crush volumes to rebound at this time of year. Crush levels tend to decline in the early US summer months because processing plants schedule maintenance and repairs before the start of the fall harvest season.
Soybean crush rates have also been moving higher, with soy oil demand continuing to rise due to increased production and capacity additions of biodiesel and renewable diesel in the US.
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01.14.2025
EIA raises US renewable diesel output forecast for 2024-25, lowers 2025 biodiesel production outlook
The US Energy Information Administration (EIA) raised its 2024 forecast for the production of renewable diesel (RD) in the US while maintaining its 2024 biodiesel output estimate in its...
01.14.2025
DCO tracks soybean oil prices higher; fats markets unchanged
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01.14.2025
USDA raises 2024/25 forecast for GCAU count, lowers feed grain use estimate
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