USDA raised estimated U.S. soybean crush this season by 10 million bushels from last month’s forecast. If this forecast is realized, crush this season would be 4 percent higher than 2016/17 crush. So far, crush data supports the increase: At 865 million bushels, Oct-Feb cumulative crush this season was up 3 percent from a year ago. USDA also lowered soybean seed and residual use, so the net effect on 2017/18 ending stocks was a decrease of 5 million bushels, down to 550 million.
U.S. soybean production, crush, exports, stocks
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