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StoneX published a summary of the NOPA August soybean crush data, a monthly processing report. The page is mostly disclaimers and contains little new detail in the excerpt.
The underlying NOPA crush data is already known and bearish for meal demand, so this summary adds no new price signal.
stonex.comMatt ZellerSep 15, 2023After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% over 20.
After 250 past neutral report events, Soybean Meal moved a median -0.1% over 5 sessions (49% higher; middle half -1.6% to +1.7%), and +0.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
