USDA shows caution in November U.S. grain adjustments

Today’s WASDE report delivered a few modest changes to the U.S. balance sheets for wheat, corn, and soybeans, leaving ending stocks a bit higher from the October estimate for corn and soybeans and slightly lower for wheat. USDA tweaked 2022/23 wheat use for food [...]

September soybean crush around recent average for month

Soybean crush declined seasonally in September, although the dip was somewhat greater than analysts expected. NOPA members crushed 158.1 million bushels of soybeans last month, up 3 percent from September 2021 and just above the average for the month we’ve seen since 2017/18 (when [...]

September WASDE sees tighter corn & soybean balance sheets

USDA reduced acreage and yield estimates for 2022/23 corn and soybeans. The declines in both crops’ production numbers were partially offset by lower use forecasts, but ending stocks are still expected to drop notably from 2021/22 in a highly competitive market. For corn, the [...]

April soybean oil stocks a bit lower than expected

NOPA soybean crush and oil stocks figures for April came in below expectations. Ahead of the processor report, crush was anticipated to be around 172 million bushels, but several plants were down for maintenance, per Reuters, which contributed to crush being just under 170 [...]

March soybean crush eked out a record

NOPA processors crushed 181.8 million bushels of soybeans last month, up 10 percent from February and up 2 percent from March 2021 and surpassing the previous record for March set in 2020 of 181.4 million bushels. Cumulative Sep-Mar crush totaled 1.23 billion bushels, up [...]

January soybean crush dips, oil stocks hold steady

NOPA members crushed 182.2 million bushels of soybeans last month, down 2 percent from December and down 1 percent year on year. Cumulative Sep-Jan 2021/22 NOPA crush rose to 885.9 million bushels, down just 1 percent from last season to date thanks to December’s [...]

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