NOPA Preview: U.S. soybean crush expected to hit 171.25 million bushels in July

Foreign media August 14 news: The National Oilseed Processors Association (NOPA) will release its monthly crush report next Monday (August 15), and analysts expect the report to show that July soybean crush is the highest since March. the highest point.

NOPA represents about 95 percent of soybean processors in the United States. On average, 10 analysts expect NOPA member companies to crush 171.25 million bushes of soybeans in July, up 4.2 percent from June’s 164.677 million bushes and 10.6 percent from July 2021’s 155.105 million bushes. This would be the second-highest crush for the same period in history, second only to July 2020.

Analysts’ forecasts ranged from 168.5 million to 177 million bushels, with a median of 170.928 million bushels.

The USDA forecast in its August supply and demand report that the 2021/22 U.S. soybean crush will be 2.205 billion bushels, the same as last month’s forecast and a 3.0% increase from the previous year. The 2022/23 soybean crush is forecast at 2.245 billion bushels, unchanged from last month’s forecast.