USA: Soybean Oil And Soybean Meal Production On The Fall In March

20 Apr, 2017
USA: Soybean Oil And Soybean Meal Production On The Fall In March
According to information from Oil World, over the month of March soybean oil production in the USA declined versus March 2016 to 0.86 mln tons (0.88).

Soybean oil consumption decreased by 0.04 mln tons to 0.72 mln tons as a result of the decline in biodiesel consumption. Monthly soybean oil export reached 0.13 mln tons (0.11) and ending stocks were 1.02 mln tons (1.05).

Despite the record soybean supply in the USA, over the month of March soybean meal consumption decreased to 3.48 mln tons (3.57), export was 1.25 mln tons (0.91) and ending stocks were 0.28 mln tons (0.31) over the month.