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 [...]
December soybean crush set a new record: NOPA members crushed an all-time high 186.4 million bushels last month, up from 179.5 million bushels in November and up 2 percent from December 2020. USDA’s most recent soybean oil consumption data is for November and shows [...]
Futures activity Jan-22 soybean futures exited the board at $13.5675 per bushel. For Mar-22, futures ended last week lower at $13.6975, down by nearly $0.40 per bushel from the previous Friday. S&D and fundamental factors In last week’s WASDE, USDA raised U.S. soybean ending stocks [...]
NOPA members reported crushing 179.5 million bushels of soybeans last month, down 2.5 percent from October and down 1 percent year over year. This season’s strong oil yield, however, allowed soybean oil production to top 2.11 billion pounds, up 5 million pounds from November [...]
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, [...]
NOPA members crushed 175.4 million bushels of soybeans in October, up 2 percent from October 2018, the previous record holder. Soybean oil yield fell to 11.57 pounds per bushel in October, compared to 11.71 pounds a year ago, but the high volume of crush [...]
