05.15.2024
Soybean oil stocks fall with slowing April crush
The soybean crush totaled 166.034 million bushels, down by 15% from a record of 196.406 million bushels in March and down by 4% from 173.232 million bushels crushed in...
The National Oilseed Processors Association (NOPA) reported the March soybean crush at an all-time high of 196.406 million bushels. This was largest crush on record, outpacing by 0.55%, the previous record of 195.328 reached in December 2023.
The March crush came in below the average trade assessment of 197.787 million bushels, falling at the low end of the estimate range. Estimates for the crush ranged from 196 million to 202.5 million bushels.
The March crush was 5.48% abover the February crush of 186.194 million bushels and 5.7% above the 185.81 million bushels crushed during March 2023.
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