Oil Crops Outlook: June 2012
- Oil Crops Outlook: June 2012
- Mark Ash
- USDA's Economic Research Service
Vegetable oil prices Cottonseed
- Washington, DC, USA
- 16 pp
- Export shipments of U.S. soybeans for 2011/12 are forecast up 20 million bushels this month to 1.335 billion. And the 2011/12 soybean crush is forecast 15 million bushels higher this month to 1.66 billion based on higher demand for soybean meal. Higher soybean demand would further reduce U.S. season-ending stocks for 2011/12 to 175 million bushels, compared to last month's forecast at 210 million. Despite reductions in 2012/13 use, the smaller carryover would reduce season-ending soybean stocks to 140 million bushels-a level that would cover only 16 days of use.