US November Soybean Crush 190.5 Mbu, Low End of Estimates.

US soybean crush for November was 190.50 million bushels. This was at the lower end of pre-report estimates. The November average is 175.61 million bushels. The daily crush pace was 6.35 million bushels per day. The average daily pace for the month is 5.85 million bushels.

The cumulative crush for the marketing year has reached 551.59 million bushels 25.7% of the USDA's current estimate for the marketing year. As of November last year, the cumulative crush had reached 26.1% of the USDA forecast of 558.67 million bushels.

US soybean oil stocks in November came in at 2.415 billion pounds versus 2.386 last month and 2.117 last year. The average stock level for this time of year is 1.889 billion pounds. The largest stock level for this month was 2.117 (2021) and lowest was 1.691 (2018). Current stock levels are running at 126.33% of USDA ending stocks estimates for the year.