Last month, U.S. oil extraction facilities processed 5,1 million tons of soybeans, the highest monthly figure on record. This data was published by the National Oilseed Processors Association (NOPA). They recalled that in November 2022 4,9 million tons Oilseeds were delivered to the CET.
Against this background, the stocks are at Soybean oil in the country increased for the first time in the last 7 months – to 0,5 million tons (end of November 2022 – 0,7 million tons).
Experts remind that the volume of soybean processing in the USA traditionally increases in winter after the oilseed harvest.
The National Oilseed Processors Association (NOPA) report contains information on 13 of the association's member companies, which cover approximately 95% of the soybean processing market in America.
Source: oleoscope (Russian)