NOPA crush report preview: April soybean crush expected to increase 2.3% year-on-year

Foreign media May 15 news: The National Oilseed Processing Industry Association (NOPA) plans to release monthly crush data on May 16 at 11:00 a.m. Central Time (12:00 a.m. Beijing time on Tuesday), and analysts expect soybeans in April. Crushes slowed down despite being lucrative as several crushers began seasonal maintenance.

On average, the 10 analysts surveyed expect NOPA member companies’ soybean crush to reach 172.37 million bushes in April 2022, down from 181.759 million bushes in March but 7.5% higher than April 2021’s 160.31 million bushes .

The soybeans processed by NOPA member companies account for about 95% of the national total.

Analysts’ forecast ranged from 169.448 million bushels to 177.00 million bushels, with a median of 171.825 million bushels.

U.S. soybean crush profit was $4.47 a bushel in the week ended April 29, down from $4.81 a month earlier, but still 73.26 percent higher than a year earlier, according to USDA data.

The U.S. Department of Agriculture’s May supply and demand report forecast U.S. soybean crush at 2.215 billion bushels in 2021/22, unchanged from the April forecast and 3.5% higher than the 2020/21 crush of 2.141 billion bushels. The 2022/23 soybean crush will increase to 2.255 billion bushels.