US soybean processing volume hits record in October

According to NOPA, in October thevolume of soybean processing in the United States reached a record 5.44 million tons, 0.6 million tons more than in the previous month (+5% vs. October 2023).
Soybean oil stocks in the country increased to 690,000 tons during the month (+2% from a year earlier)
Thus, since the beginning of MY 2024/25, soybean processing volume has reached a new high of 10.8 million tons (+5% vs. September-October MY 2023/24 levels).
According to USDA estimates, soybean production in the United States will be 124.9 million tons in the current season.
Discover more about аgri market developments at the 11 International Conference BLACK SEA OIL TRADE on September 23 in Bucharest! Join agribusiness professionals from 25+ countries for a powerful start of the oilseed season!
Read also
The Counterparty Is Trying to Avoid Fulfilling the Contract. What Should You Do?
Exports of soybeans may decrease by 30% as a result of the introduction of duties
Dry weather devastates Bulgarian corn harvest
Sunflower seed processing in the EU has decreased significantly
CWRC launches review of Canadian wheat breeding innovation system
Write to us
Our manager will contact you soon