15.
10.18
09:56

NOPA: Analysts expect record results

The National Oilseed Processors Association (NOPA) expects record September for good crush margins. Analysts said Friday night. The monthly report will be published this afternoon at 5pm.
The members of NOPA process a total of 95% of soybeans in the United States. A processing volume of 157.406 million bushel is expected for the month of September. This shows a survey of the news service Reuters among nine analysts.
Should the expectation be met, the result would be 15.4% higher than the result in September 2017, when 136.419 million bushels of soybeans were processed. In addition, the result would exceed the previous record from 2007 by more than 17.5 million bushels.
September is usually a weak month for soybean processing, as seasonal maintenance work on the machines is done during this period.
In August, 158.885 million bushels of soybeans were processed. The result fell short of expectations.
Expectations for September are between 152,300 and 165,000 million bushels. The median is 157.300 million bushel.
Soybean stocks among NOPA members were estimated at 1.579 billion pounds at the end of September, compared with 1.6223 billion pounds at the end of August and 1.322 billion pounds in September 2017. Estimates ranged from 1.403 billion pounds to 1.675 billion. Pound, the median is 1.596 billion pounds.

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