U.S. soybean crush estimated at 205.965 million bushels in March

According to foreign media reports, ahead of the release of the US Department of Agriculture's (USDA) monthly oilseed crushing report, analysts interviewed said that < br > 1. < b > U.S. soybean crushing in March could increase to a record 6.18 million short tons or 205.965 million bushels , if this estimate is accurate, it will be 6.2% higher than the 193.913 million bushels crushed in February and 4.1% higher than the 197.947 million bushels crushed in March 2023. U.S. soybean processing capacity has increased significantly as crushers build new crushing plants and expand existing plants to meet the demand for biofuels from vegetable oils. Analysts' estimates for March soybean crush range from 040-2.073 million bushels, with a median of 206 million bushels. < br > 2. Six analysts on average estimate U.S. soybean oil stocks at 2.294 billion pounds as of March 31. If accurate, that would be up 6.9% from 2.146 billion pounds at the end of February, but 4% lower than 2.388 billion pounds at the end of March 2023. The range is 22.00-23 50 million pounds, with a median estimate of 2.30 billion pounds.