Soybean Stocks Hit 9-Month Low, Soyoil Stocks at 7-Month Low Despite Highest Oil Yield Since May 2022: NOPA Crush

Soy Oil

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Soybean stocks are at 165.023 million bushels, hitting a nine-month low but showing a 0.2% increase compared to June 2022. This figure falls short of the trade's prediction of 170.568 million bushels. Soy oil stocks stand at 1.69 billion pounds, marking a seven-month low and a 4% decrease from June 2022. This is below the trade estimate of 1.816 billion pounds. The oil yield is the highest it has been since May 2022.