The U.S. soybean crush dipped a little bit from January to February.

The USDA says 194 million bushels of soybeans were crushed in February 2024, slightly below expectations and 1 million less than in January, but 17 million more than in February 2023. That month-to-month decline can be linked to fewer business days, while the year-to-year rise is because of solid demand for soybean products.

Soybean meal and oil stocks were below year ago levels.

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