May 2016 USDA NASS Report … Fats and Oils: Oilseed Crushings, Production, Consumption and Stocks

The United States Department of Agriculture’s (USDA) National Agricultural Statistics Service (NASS) on the second day of each month releases its report, “Fats and Oils: Oilseed Crushings, Production, Consumption, and Stocks.”

To view the entire May 2016 report, click here.

Report Highlights:

Soybeans crushed for crude oil was 4.99 million tons (166 million bushels) in March 2016, compared to 4.64 million tons (155 million bushels) in February 2016 and 4.81 million tons (160 million bushels) in January 2016. Crude oil produced was 1.94 billion pounds up 8 percent from February 2016 and up 4 percent from January 2016. Soybean once refined oil production at 1.40 billion pounds during March 2016 increased 8 percent from February 2016 and increased 14 percent from January 2016.

Canola seeds crushed for crude oil was 150 thousand tons in March 2016, compared to 138 thousand tons in February 2016 and 148 thousand tons in January 2016. Canola crude oil produced was 123 million pounds up 8 percent from February 2016 but down 2 percent from January 2016. Canola once refined oil production at 123 million pounds during March 2016 was up 6 percent from February 2016 but down 1 percent from January 2016. Cottonseeds crushed for crude oil was 143 thousand tons in March 2016, compared to 126 thousand tons in February 2016 and 132 thousand tons in January 2016. Cottonseed crude oil produced was 45.3 million pounds, up 18 percent from February 2016 and up 9 percent from January 2016. Cottonseed once refined oil production at 52.8 million pounds during March 2016 was up 21 percent from February 2016 and up 16 percent from January 2016.

Edible tallow production was 62.6 million pounds during March 2016, down 19 percent from February 2016 and down 30 percent from January 2016. Inedible tallow production was 287 million pounds during March 2016, up 2 percent from February 2016 and up 4 percent from January 2016. Technical tallow production was 92.7 million pounds during March 2016, down 21 percent from February 2016 but up 2 percent from January 2016. Choice white grease production at 113 million pounds during March 2016 increased 1 percent from February 2016 and increased 1 percent from January 2016.

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