NOPA CRUSH REPORT: Soybean crush in January at 182.2 million bushels, below expectations
– decreased by 2.3% month-on-month and decreased by 1.3% year-on-year
Foreign media February 15 news: The monthly crush data released by the National Oilseed Processing Industry Association (NOPA) on Tuesday (February 15) showed that soybean crush in January 2022 was lower than market expectations, but still a record The second highest pressing volume during the same period.
According to NOPA data, the soybean crush of the association’s members was 182.216 million bushes in January, a decrease of 2.3% from 186.438 million bushes in December and a decrease of 1.3% from 184.654 million bushes in January 2021.
The soybeans processed by NOPA member companies account for about 95% of the national total.
Before the report, analysts on average expected NOPA member companies to crush 186.677 million bushels of soybeans in January 2022. Predictions ranged from 1.83675 to 188.500 million bushels, with a median of 187.000 million bushels.
The U.S. Department of Agriculture’s February supply and demand report forecast the 2021/22 U.S. soybean crush forecast at 2.215 billion bushels, up from 2.190 billion bushels forecast last month and higher than the 2020/21 crush of 2.141 billion bushels.