US soybean processing hits record high in July

According to the National Oilseed Processors Association (NOPA), U.S. soybean processing exceeded expectations in July 2025, reaching a new monthly high of 5.6 million tons. This is 4.3% higher than June (5.37 million tons) and 6.5% higher than July 2024 (5.26 million tons). Total soybean processing since the beginning of the season also set a record, amounting to 61.2 million tons, which is 6.3% higher than the same period in the 2023/24 marketing year (57.6 million tons).

Despite the increase in processing, U.S. soybean oil inventories recovered only slightly, by 1% compared to the previous month, but remain 8% below the July 2024 level. This reflects a steady increase in domestic soybean oil consumption, which reached an 8-month high of 1.1 million tons in July. NOPA experts note that demand for soybean oil continues to grow, which may affect market prices and logistics in the coming months.

Tags: soybean, USA