April soybean crush down slightly YOY

NOPA members crushed almost 160.0 million bushels of soybeans last month, down about 1 percent from April 2018. Some in the industry expected crush to surpass 161.6 million bushels and break last year’s record for the month, and while that didn’t happen, this season’s [...]

WASDE: USDA lowers corn use, raises soybean crush

Today’s WASDE report confirmed the market’s expectation for lower corn utilization for ethanol, which USDA lowered by 25 million bushels, to 5.550 billion bushels. USDA also lowered U.S. corn exports by 75 million bushels, a move that was less expected but not out of [...]

December soybean crush up 3 percent from last year

NOPA members reported crushing over 171.7 million bushels of soybeans last month, up 3 percent from November and from December 2017. Crush was a bit higher than the industry anticipated, which was around 170 million bushels, and confirms robust domestic demand continues for soybean [...]

New soybean ending stocks estimate tops expectations

USDA increased projected 2018/19 soybean ending stocks to 955 million bushels, up 70 million bushels from last month’s forecast. The industry was expecting a more modest increase in stocks, to around 900 million bushels, but USDA lowered soybean exports to 1.9 billion bushels, down [...]

China may not need U.S. soybeans after all

China imported 98 MMT of soybeans last year and was projected to reach 100 MMT this year. As China shifted to Brazilian soybeans, it was expected that at some point Brazil would run out and China would be forced to buy U.S. soybeans. However, [...]