Highlights
Yesterday morning, the USDA announced the sale of:
715,800 mts of old crop corn to Mexico
65,532 mts of new crop corn to Mexico
132,000 mts of old crop soybeans to China
198,000 mts of old crop soybeans to unknown
30,000 mts of old crop soybean oil to India
The USDA reported the September crush numbers for:
Soybeans: Crush was 187 million bushels, 12 million more bushels (6.8%) than a year ago. The soy oil inventory at the end of September was 5% more than a year ago.
Canola: Crush was 204,907 tons, 4% less than a year ago.
Cottonseed once refined oil: 25.2 million pounds, down 24% from the previous month and 31% from a year ago.
Total corn crushed for all purposes was 490 million bushels, up 3% from a year ago.
Corn: Fuel alcohol was 440 million bushels, also up 3% from a year ago.
Wheat: Ground for flour during the third quarter 2024 was 232 million bushels, up 1% from the third quarter of 2023.