WASHINGTON, December 2 News: The U.S. Department of Agriculture’s monthly report on oilseed processing showed that as the U.S. soybean harvest is on the market, coupled with the lucrative crushing profits, the U.S. soybean crush increased significantly in October.
U.S. soybean crush in October 2021 was 5,908,157 tons (approximately 197 million cats), an increase of 19.97% month-on-month and a year-on-year increase of 0.19%.
In comparison, the US soybean crush in September 2021 was 4,924,574 tons (about 164 million cats), which was slightly higher than the 5,897,079 tons (about 197 million cats) of the same period last year.
The report also shows that the U.S. soybean oil production in October this year was 2.35 billion pounds, an increase of 21% month-on-month and a year-on-year increase of 3%. The output of refined soybean oil was 1.73 billion pounds, an increase of 8% month-on-month and an increase of 5% year-on-year.