NOPA members reported crushing 163.5 million bushels last month, down slightly from October and up 2 percent year over year. Soybean oil yield was weaker than in October and last November, so oil production was down 1 percent month over month and up just 1 percent from November 2016. Soybean oil ending stocks were 1.33 billion pounds, up 8 percent from October and down 1 percent from last year.

November soybean crush vs. soybean oil ending stocks by year

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