March NOPA soybean crush tops expectations

by Laura Lloyd
Share This:
Search for similar articles by keyword: [Soybean], [Soy]

KANSAS CITY — Soybean futures prices extended April 15 gains in morning trading April 16, following Tuesday’s release by the National Oilseed Processors Association (NOPA) pegging domestic soybean crush in March at 153.84 million bus, which was above trade expectations of 146 million bus. The higher actual total indicated stronger-than-expected demand for soybeans to crush for soybean meal and oil.

Soybean futures prices were trading at their highest level in more than eight months early Wednesday.

March soybean oil stocks reported by NOPA were 2.023 billion lbs, also above expectations of 1.92 billion lbs.

March NOPA soybean meal exports of 798,883 tonnes were up from February, when 714,231 tonnes were exported.
Comment on this Article
We welcome your thoughtful comments. Please comply with our Community rules.



The views expressed in the comments section of Baking Business News do not reflect those of Baking Business News or its parent company, Sosland Publishing Co., Kansas City, Mo. Concern regarding a specific comment may be registered with the Editor by clicking the Report Abuse link.