Soybean crushing consumption is declining in the United States
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Last Update: 2008-11-03
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Source: Internet
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Author: User
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Introduction: according to the squeezing report released by the US Bureau of Statistics yesterday, the squeezing volume of us soybeans in January this year was 148 million bushels, equivalent to 4.04 million tons Although the squeezing volume remained at a high level, it failed to break the record of 4.24 million tons set in October last year, showing a monthly decline in squeezing volume for three months Up to now, the cumulative soybean pressing volume in the first five months of this year (September 2004 to January 2005) is 726 million bushels, an increase of 2.1% compared with 711 million bushels in the same period of last year USDA estimates that the total amount of soybeans squeezed in the United States this year is 1655 million bushels, which means that the amount of soybeans to be squeezed in the next seven months will reach 929 million bushels, with an average of 133 million bushels per month From the history of the past five years, the squeezing volume in February is usually significantly lower than that in the previous few months The average level in the past five years is 131 million bushels The squeezing volume picked up in March, and then from April, the squeezing volume of American beans entered a seasonal low In the past five years, the average squeezing volume of soybean from February to August each year is 128 million bushels.
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