August 28, 2007

US soy crush up 1 percent in July

Soy crushings in the US July came in at 150,595,194 bushels, up 1 percent from yearago, the US Census Bureau said in its latest Fats and Oils Oilseed Crushings report.

The July crush number was above trade expectations that averaged just over 149 million bushels.

Soyoil stocks at end-July totalled 3,246,337,000 pounds, up 5 percent from 3,106,087,000 pounds a year ago and below average trade estimates near 3.3 billion pounds.

Soymeal and hull stocks as of July 31 were 318,153 tonnes, down 15 percent from 372,601 tonnes last year.