NOPA members reported crushing 152.4 million bushels of soybeans in June, the lowest monthly crush since June 2019 and down 9 percent from a year ago. The industry had anticipated a decline in crush from the May volume, but expectations were closer to 159 million [...]
NOPA crush during April was about 5 percent lower than the average of analyst expectations ahead of today’s report. Although down from last year’s record volume for April, the month’s crush this year was around the same level as in 2018 and 2019. Crush [...]
Last week, the U.S. soybean crop was well ahead of average planting pace, at 61 percent planted vs. the 37 percent five-year average. Futures slid all week, falling 77 cents per bushel on the July contract to $15.26 per bushel. The market’s focus last [...]
NOPA processors’ March crush, 178.0 million bushels, was down 2 percent from last March but still the second highest on record for the month and reflected a good recovery from February’s low volume. In the April WASDE, USDA lowered 2020/21 crush by 10 million [...]
NOPA members crushed a smaller volume last month than expected, as February’s storms may have limited the month’s processing hours. Analysts were expecting crush to be closer to 169 million bushels, slightly higher year over year in keeping with growth we saw in Sep-Jan. [...]
On Tuesday, Nov. 17, most-active Mar-21 corn futures settled at $4.2675, about 4.3 cents below the recent contract-high and 6.5 cents above the nearby Dec-20 contract. RSI was neutral to bullish at around 62.6 percent today, a six-session low. Fibonacci extension indicates resistance levels [...]
NOPA members reported crushing 185.2 million bushels of soybeans in October, up 15 percent from September, up 6 percent year over year, and beating the previous record volume by almost 4.0 million bushels. Crush topped expectations, which averaged around 176 million bushels and maxed [...]
NOPA members crushed 161.5 million bushels of soybeans in September, down 2 percent from August but up 6 percent from September 2019 and breaking the previous record for the month’s crush set in 2018 at 160.8 million bushels. The slight slowdown in crush from [...]
