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US April Soy Oil stocks Fell by 4.9%: NOPA

According to National Oilseed Processors Association (NOPA), US’s April month crush stood at 169.78 million bushels, down 6.6% from the 181.759 million bushels crushed in March but up 5.9% from the April 2021 crush of 160.310 million bushels. Soy oil supplies as of April 30, fell to 1.814 billion lbs, the smallest end-of-month stocks since September. The stocks were down 4.9% from 1.908 billion lbs at the end of March but up 6.6% from the end of April 2021. Tightened soy oil supplies have extended support to rising CBOT Soy oil prices.