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US Feb. Soybean Crushings Fell M-o-M, Y-o-y and Below Market Expectations - NOPA

Published on: Mar 20, 03:40

US soybean crushers crushed higher than the market expectations in January, third US February soybean crushings are reported down from month-on-month and also year-on-year.

National Oilseed Processors Association (NOPA) reported that its members have processed 142.79 million bushels during February, down from 146.181 million bushels during the corresponding period last year and also down from 160.621 million bushels in January 2017.

US soy meal shipments in February stood at 73,8825 tons up from 68,6999 tons during the corresponding period last year but down from 89,1143 tons in January 2017.

The US soyoil inventories of February 28 surged to 1.770 billion Ibs from 1.792 billion Ibs in February 2017 and also from from 1.655 billion Ibs at the end of January.