January soybean oil edible use rose 5% YOY

USDA reported that in January, 1.15 billion pounds of soybean oil were removed from stocks for use in edible applications. This volume was up 3 percent from December and up 5 percent from January 2020 as demand for soybean oil has proven notably resilient [...]

Soybean oil stocks rise slightly despite record-smashing October crush

NOPA members reported crushing 185.2 million bushels of soybeans in October, up 15 percent from September, up 6 percent year over year, and beating the previous record volume by almost 4.0 million bushels. Crush topped expectations, which averaged around 176 million bushels and maxed [...]

August soybean crush below expectations

NOPA members reported crushing 165.1 million bushels of soybeans last month, down from 172.8 million in July and 168.1 million in August 2019. Despite the drop YOY, August’s crush was still the second largest on record for the month. The industry had expected crush [...]

November soybean oil stocks rose despite production dip

NOPA members’ average soybean oil yield fell to 11.53 pounds per bushel in November, the lowest yield since 2017/18. Soybean oil production, at 1.90 billion pounds, was down 6 percent from October and down 2 percent from November 2018. Despite the decline in soybean [...]