Market News & Headlines >> NOPA Soy Crush Seen Down Again
Friday’s monthly National Oilseed Processors Association monthly crush report is expected to show U.S. soy processors further slowed crushing operations during July due to tight soybean supplies.
Trade estimates of NOPA members’ July soybean crush average 115.82 million bushels in a range from 113.00-117.35 million, compared with the June crush of 118.72 million bushels and the July 2013 crush of 116.34 million, according to a survey of eight analysts by Reuters News Service.
If the crush comes in at the average of trade expectations, it would be the lightest for July since 2004, when NOPA processors crushed 108.66 million bushels of soybeans.
Analysts estimates of end-July NOPA member soyoil stocks average 1.694 billion pounds in a range from 1.476 to 1.800 billion, down from 1.847 billion at the end of June and 2.050 billion a year earlier.