In the US, soybeans processing declines in June

24 Jul, 2017
In the US, soybeans processing declines in June
According Oil World, in June 2017 soybeans processing in the US amounted to 4.2 million tonnes given 4 million tonnes in June 2016.

According to USDA, in the United States, 3.76 million tonnes of soybeans were processed in June given 3.89 million tonnes in May and 4.06 million tonnes in June 2016.

Demand for soybean meal and soybean oil is less than expected. Despite the record soybean crop in 2016 - 2017, soybeans processing in the US will be below the level of 2015-2016.

In the current season, soybean export from the US will reach 57 million tonnes, which is the most anticipated given 52.9 million tonnes in 2015-2016. In the first two weeks of July, US soybean export was 0.76 million tonnes, which is slightly below the level of the previous year.