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US soybean crush capacity on the rise

US soybean crush capacity on the rise

January 25, 2024

The dawn of extreme soybean crush capacity in the United States has arrived. The US Department of Agriculture said in its Jan. 2 Fats and Oils: Oilseed Crushings, Production, Consumption and Stocks report that 6 million tons (200 million bushels) of soybeans were crushed in November, up 5.4% from 5.69 million tons (190 million bushels) crushed in the same month last year.

Crude soybean oil produced in November was 2.325 billion pounds, up 5.7% from 2.2 billion pounds in November 2022, and once refined soybean oil produced was 1.707 billion pounds, 4.5% higher than the 1.663 billion pounds a year earlier.

 

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