US soybean processing continues to hold at highs

restrictions on soybean sales to China, supporting producers. Soybean oil consumption in the US increased sharply in July-September of this year, reaching a new quarterly high of 3.4 million tonnes (3.03 million tonnes in April-June; 3.16 million tonnes a year earlier). In September of this year, soybean oil consumption reached 1.1 million tonnes, slightly lower than in August, but 10% higher than last year. The association reports that soybean oil inventories in the country have fallen to a nine-month low, reaching only 0.56 million tonnes at the end of September. It was previously reported that global ...