US soybean crush falls below monthly, yearly levels
Soybeans crushed for crude oil totaled 168 million bushels in August, down by 13.3% from July and down by 0.85% from August 2023, according to the USDA’s Fats and Oils: Oilseed Crushing, Production, Consumption and Stocks report released on Tuesday October 1.

Crude oil production totaled 1.99 billion lb, down by 14% month on month and down by 1% year on year.

Soybean oil production reached 1.68 billion lb during August, down by 9% from July and down by 2% from August 2023.

Soybean meal production stood at 3.7 million short tons, down by 13.2% month on month and down by 1.6% year on year.

Production of soymeal intended for animal feed totaled 3.6 million short tons, while production for edible protein products reached 57,712 tons.

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