U.S. soybean processors crushed fewer soybeans in June compared to the previous month but significantly more than the same period last year, according to a U.S. Department of Agriculture Fats and Oils report released Friday.
The monthly Fats and Oils report showed that 5.91 million tons (197 million bushels) of soybeans were crushed in June, down from 6.11 million tons in May but up from 5.50 million tons in June 2024, representing a 7.5 percent year-over-year increase.
Crude oil production from soybeans reached 2.35 billion pounds in June, down 3 percent from May but up 8 percent from June 2024. Soybean once refined oil production totaled 1.80 billion pounds, a 6 percent decrease from May but a 4 percent increase from the previous year.
The report highlighted significant growth in canola processing, with 166,486 tons crushed in June, representing a 58 percent increase from May, though still down 17 percent from June 2024. Canola crude oil production reached 132 million pounds, while refined canola oil production hit 151 million pounds, up 62 percent from May and 3 percent from the previous year.
Other oils and fats showed mixed results. Cottonseed refined oil production fell to 26.4 million pounds, down 9 percent from May and 13 percent from June 2024. Edible tallow production reached 92.9 million pounds, down 3 percent from May but up 31 percent from the previous year.
Inedible tallow production totaled 314 million pounds, down 3 percent month-to-month and 5 percent year-over-year. Technical tallow and choice white grease production also declined, falling 10 percent and 8 percent respectively from May.
