USDA: Soybean crush in January at 5.83 million short tons, higher than expected

WASHINGTON, March 1: The U.S. soybean crush was 5.829 million short tons (193.7 million bushels) in January 2021, down from 5.947 million in December 2021, according to the U.S. Department of Agriculture’s monthly oilseed processing report released Tuesday. tons (198.2 million bushels), also below the January 2021 crush of 5.895 million short tons (196.5 million bushes).

Before the report, analysts on average had expected a soybean crush of 5.811 million short tons, or 193.7 million bushels, in January. Forecast intervals ranged from 193 million bushels to 194.3 million bushels, with a median of 193.9 million bushels.

For comparison, members of the National Oilseed Processors Association (NOPA) crushed 182.16 million bushels of soybeans in January, down from a record crush of 186.438 million bushes in December.