August soybean crush beat expectations

NOPA members crushed 158.8 million bushels of soybeans last month, higher than estimates ahead of today’s report by about 4.5 million bushels. NOPA's cumulative crush for the 2020/21 Sep-Aug soybean marketing year ended at 2.02 billion bushels, meaning total U.S. crush was likely around [...]

USDA adds 35 million bushels to 2021/22 soybean crop

Last Friday's WASDE report was in line with the previous week’s market expectations for soybeans—a modest increase in production due to improved yield prospects—but fell short of this week’s hopes for higher acreage. In sum, stocks for 2020/21 ended at around 175 million bushels, [...]

Soybeans trickle down below $16 per bushel

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 [...]

WASDE: New-crop corn & soybean forecasts are here

In the May WASDE, 2021/22 corn production is forecast at 14.990 billion bushels on 91.1 million harvested acres and yield of 179.5 bushels per acre (bpa). Yield is in line with expectations, but the industry expected new-crop area and production to be higher. New-crop [...]

March soybean crush up from February, down YOY

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 [...]

Soybean crush fell to 155.2 million bushels in February

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. [...]

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