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.