U.S. February Soy oil stocks fell by 1.0 percent M-O-M: NOPA

According to National Oilseed Processors Association (NOPA), U.S. February soybean crush declined by 7.6 percent m-o-m 165.4 million bushels from 179.007 million bushels last month. While, Soy oil stocks in U.S. at the end of February declined by 1.0 percent m-o-m to 1.809 billion lbs compared to 1.829 billion lbs in previous month. Stocks of soy oil in February’23 is down by 12 percent y-o-y, which was reported at 2.059 million lbs. Soy oil stocks is in lower than trade expectation of 1.886 million lbs