US soybean crush rises in July
Soybeans crushed for crude oil totaled 193 million bushels in July, up by 4.6% from June and up by 5.3% from July 2023, according to the USDA’s Fats and Oils: Oilseed Crushing, Production, Consumption and Stocks report released on Tuesday September 3.
Crude oil production totaled 2.3 billion lbs, up by 6% month on month and up by 6% year on year.
Soybean oil production reached 1.85 billion lbs during July, up by 8% from June and up by 6% from July 2023.
Soybean meal production stood at 4.27 million short tons, up by 5.5% month on month and up by 4.5% year on year.
Production of soymeal intended for animal feed totaled 4.21 million short tons, while production for edible protein products reached 51,826 tons.
Soymeal stocks totaled 396,929 short tons in July, down by 8.2% from June and down by 6.7% from July 2023.
Fig 1
…
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
Market activity for US animal fats and oils was relatively subdued on Tuesday January 14, though sources noted a bullish sentiment in the market.
01.14.2025
USDA raises 2024/25 forecast for GCAU count, lowers feed grain use estimate
Most US animal protein prices were flat to up day on day on Tuesday January 14. Animal protein products were slow to start the week, with light volumes traded,...