U.S. soybean crush lower than expected in December
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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: the Census Bureau released the monthly data of US soybean squeezing in December, saying that the amount of US soybean squeezing in December was 150 million bushels By contrast, market analysts expected an average of 151 million bushels before the report So the data is a negative for soybean futures prices At the end of December, U.S soybean meal inventory was 271306 short tons, far higher than the market expected 232300 short tons Soybean oil stocks in December were 1.290 billion pounds, slightly lower than the market's forecast of 1.297 billion pounds before the report On Thursday, the Chicago Board of trade's March soybean fell 7.25 cents to 515.75 cents a bushel; March soybean meal fell $2.50 to $154.90 per short ton; March soybean oil fell 0.09 cents to 19.43 cents a pound
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