2017/18 soybean crush now projected at 1.97 billion bushels
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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