News

USA: January soy crush estimated at 196.6 million bushels, analysts say

Soybean
United States
Sustainability & Environmental Impact
Market & Price Trends
Published Feb 29, 2024

Tridge summary

The U.S. soybean crush likely fell in January to 5.897 million short tons, or 196.6 million bushels. If the estimate, gathered from eight analysts, is realized, it would be down 3.8% from the record 204.3 million bushels crushed in December but up 2.8% from the January 2023 crush of 191.1 million bushels. Extreme winter weather impeded operations at some facilities. The USDA is scheduled to release its monthly fats and oils report at 2 p.m. CST.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

The U.S. soybean crush likely fell in January to 5.897 million short tons, or 196.6 million bushels, as extreme winter weather impeded operations at some facilities, according to analysts surveyed by Reuters ahead of a monthly U.S. Department of Agriculture (USDA) report. If the estimate, gathered from eight analysts, is realized, it would be down 3.8% from the record 204.3 million bushels crushed in December but up 2.8% from the January 2023 crush of 191.1 million bushels. It would also be the largest January crush on record, narrowly topping the 196.5 million bushels processed in the first month of 2021, according to USDA data. U.S. soybean processing has expanded considerably in recent years, propelled by rising demand for vegetable oils to produce biofuel. The monthly crush had exceeded 200 million bushels for three straight months before the drop in January, as a mid-month cold snap disrupted truck and rail transportation and slowed operations at several plants, analysts ...
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