NOPA crush report prospect: November soybean crush is expected to be 4.94 million tons
Foreign media news on December 14: The National Oilseed Processing Industry Association (NOPA) plans to release monthly crush data at 11 am Central Time on Wednesday (December 15). Analysts expect soybean crush to continue to perform strongly in November , Because with the end of the soybean harvest in the United States, the supply of new beans is abundant, and the crushing profits are lucrative.
According to data from the US Department of Agriculture, for the week ending November 24, US soybean crush profits were US$3.47 per po, 74% higher than the same period last year.
Soybeans processed by NOPA member companies account for about 95% of the country’s total.
According to the survey, the soybean crush in November 2021 is expected to be 4.943 million tons (18164 million cats), which is 1.3% lower than the 5.007 million tons (1839.3 million cats) in October, but compared with 4.927 million tons in November last year. (18101.8 million cattails) is 0.3% higher. If the prediction becomes a reality, this will also be the fifth monthly crush in history and the highest crush in the same period in history.
The analyst’s forecast range is from 1.7800 to 185 billion bushes, with a median value of 186 billion bushes.
The US Department of Agriculture’s December supply and demand report predicted that the forecast value of US soybean crush for the 2021/22 year was 59.6 million tons (2.190 billion bu), which was the same as the previous month’s forecast, and was higher than the 58.27 million tons (2.141 billion) of the 2020/21 crush. Po).