The National Oilseed Processor Association (NOPA) issued January soybean crush and stocks data on Tuesday, February 18, reports USSoy.org.
According to the data, NOPA member soybean processing in the fourth month of the 2019/20 product (October-September) marketing year totaled 4.815 million tonnes.
January crushings were record-large and up 0.058 million tonnes from December and came in 0.144 million above last year.
Cumulative crushings of 18.834 million tonnes are up 1.4% from 18.580 million the same period last year.
According to analysts’ expectations published by Reuters, the trade was looking for crush to come in near 4.729 million tonnes with the highest published guess coming in slightly above the actual crushings at 4.817 million tonnes.