NOPA Member Soy Crush in September
The September NOPA crush report showed a September soybean crush rate of 165.5 Mil Bu, up a counter-seasonal 4 Mil Bu from August and a 7 Mil Bu increase over last year. This was the largest September gain vs August since 2003, and a record-large September soy crush rate. The figure was nearly 4 Mil…
AgResource Soybean Comment and Analysis
Soybeans End Firm in Quiet Trade: Soybean futures marked a narrow inside day and were 6 cents higher at the close. In the soy product markets, meal closed firm while soyoil rallied on bullish NOPA stocks/usage data. The USDA announced US soymeal sales of 183,000 MTs to the Philippines this morning. US soybean export inspections…
AgResource Corn Comment and Analysis
CBOT Corn Unable to Breach Last Week’s High on Open US Harvest Weather: CBOT corn futures ended slightly weaker on Monday. Mexico remains active in securing the US’s new crop, but the pace of harvest is set to quicken in late October/early November as producers shift from soy to corn. Progress reached 45% complete on…