U.S. processors crushed 169.0 million bu. of soybeans during August, according to USDA, which was 2.6 million bu. less than the average pre-report estimate. Crush dropped 15.8 million bu. (8.5%) from July and 6.1 million bu. (3.5%) from year-ago. The August total brought 2022-23 crush to 2.212 billion bu., 8 million bu. less than USDA’s current forecast.
Soyoil stocks fell to 1.772 billion lbs. at the end of August, which was lower than anticipated and sharply below both the figures from July and year-ago.
