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Soybean Crush Rises But Short of Predictions

USDA data shows the U.S. soybean crush rose month-to-month but missed expectations. Processors crushed 204 million bushels of soybeans in December, up from 200 million a month earlier. The agency’s report says that’s up from the 187 million bushels processed in December 2022 but is still down from the 206 million forecast before the report went public. Crude oil produced from the crush rose to 2.38 billion pounds, up two percent from November and eight percent from the same month a year earlier.

Iowa was by far the biggest crusher of soybeans at approximately 49.3 million bushels, with Illinois second at 25.4 million bushels. The states combined for 37 percent of the soybeans crushed in the U.S. during December. About 51.4 million bushels were crushed in the north and east region, which includes Indiana, Kentucky, Maryland, Ohio, Pennsylvania, and Virginia. Processors in the north-central region crushed 37 million bushels of soybeans.

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