Soybean Crush, Slightly Positive

Yesterday’s monthly USDA report on July soybean crush activity was slightly positive. At 181.3 million bushels, it was a strong +9.0% from one year ago. To hit USDA’s whole-year Sep – Aug goal we only need to see August +4.8%. We’ll beat USDA’s old crop crush goal by 3 – 9 million bushels.

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