Tidbits, April Crush, Crop Progress, PMI, ENSO, Export Inspections 6/3/25

Tidbits

The USDA reported the crush numbers for April after the close yesterday. The soybean crush was 202 million bushels. That is 13.5% more beans crushed this past April than April 2024! The canola crush was 161,022 tons, down 14.6% from a year ago. Cottonseed once refined was 24.7 million lbs, down 12%. The April corn crush was 475 million bushels, up 1% from a year ago. Corn for ethanol was also up 1% at 426 million bushels.

In April, Canadian canola crushing was 0.92 million mts, a 10% fall from March and 4% below last year. Despite this, Canada’s total canola crush in 2024/25 is expected to reach a record 11.15 million mts, up 1% from last year.

Canada’s manufacturing PMI rose slightly to 46.1 in May, but the sector remained in contraction, with output, new orders, and employment declining sharply (the steepest job decline since 2020) due to tariffs, trade uncertainty, and supply delays. Despite a small GDP increase of 0.1% in April, manufacturing output continues to weaken amid economic uncertainty and cautious purchasing.

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