Soybean crush slowed down seasonally in June: NOPA members crushed 164.7 million bushels, down 4 percent from May and the lowest crush since last September—but still up from last season’s level.

Crush in 2021/22 has closely followed 2019/20’s pace since February, and if it continues to do so in July and August, total crush should meet USDA’s current projection of 2.205 billion bushels. (USDA lowered 2021/22 crush by 10 million bushels in the July WASDE, expecting July/August crush to be impacted by tight supplies.)

June soybean oil stocks were higher than expected at 1.77 billion pounds, nearly unchanged from May and up 15 percent YOY.

NOPA soybean crush by season

Source: USDA
Posted by: Information Services
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