Highlights
The USDA released its November crush numbers yesterday after the close:
Soybean crush was 210 million bu., 10 million more than the same month a year ago.
Canola crush was 211,013 tons, down from 219,843 tons a year ago.
Corn crushed for all purposes was 514 million bu., up 1% from a year ago.
Corn for ethanol crush was 465 million bu., up 2% from a year ago.
StoneX raised its estimate for Brazil's 2024/25 soybean crop 5.2 million mts to 171.4 million mts (USDA 169) due to higher planted area and better yields. StoneX raised Brazil’s corn estimate 300,000 mts to 128.6 million mts (USDA 127).