Soybean meal inventory increase and consumption in the United States was relatively slow last month
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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: In terms of soybean meal and soybean oil production and demand, U.S soybean meal and soybean oil production in January were slightly lower than last month's level, but soybean meal and soybean oil inventory were increasing, which showed that U.S soybean meal and soybean oil consumption was relatively slow Moreover, the number of soybean oil inventory released by the Bureau of statistics was higher than previously predicted by the market, which further showed that the domestic soybean oil consumption in the United States was not market imagination So good This year, the oil output rate of soybeans in the United States is relatively high In January, the oil output rate of soybeans was 11.31 pounds per bushel, higher than the level of 11.21 pounds in December last year With the passage of time, the oil output rate of soybeans in the United States will gradually increase, which means that more oil can be extracted from the same amount of soybeans If the consumption of soybean oil is slow, it will also hinder the increase of soybean crush
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