US July soybean crush falls to 4.604 million tons

CHICAGO: The US Department of Agriculture said on Thursday that US processors crushed 4.604 million tons of soybeans during July, down from 4.624 million tons during June.

Analysts, on average, had been expecting the July crush to come in at 4.596 million tons, or 153.2 million bushels.

A year ago, the crush totaled 4.673 million tons.

The USDA also reported that soymeal stocks at the end of the month stood at 419,802 tons, up from 281,038 tons in June.

Crude soyoil stocks totaled 1.866 billion pounds at the end of July and refined soyoil stocks came in at 348.5 million pounds.