The majority of the overall decrease from March is explained by a significant increase in plant outages. According to Genscape’s proprietary, physical monitoring and industry sources, in June, 14.5 million bushels were not processed due to plant outages. The most significant increase in outages occurred in the Illinois region where there were 5.2 million more outage bushels. The Iowa, Minnesota, and SW regions each saw about 1.72 million more outage bushels than in March. The total outage bushels this month were almost identical to April 2016. Genscape data indicated that the base processing rate before outages was 5.0 million bushels lower in June than May.
Genscape’s first July outlook became available to clients on July 19 and they will receive daily updates until the final July outlook on August 3. Genscape's Soybean Crush Report provides these updates, national outlooks, and outage data based on observations from key soybean processing facilities. The report also includes timely, impactful data that assists our clients in making better-informed decisions. To learn more about Genscape's Soybean Crush Report, please click here.
