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NOPA members crushed 171.7 million bushels of soybeans in December 2018, up 3% from November and from a year earlier, slightly above the roughly 170 million bushel industry forecast. Processors made 4.0 million tons of soybean meal, up 2% year over year, and exported over 825,000 tons, while soybean oil ending stocks fell 1% from a year ago.
Strong crush and meal output are offset by firm global meal demand and strong biodiesel-driven oil use, which together support meal and oil prices and tighten the balance for feed buyers.
mckeany-flavell.comBarbara BrodnitzJan 16, 2019After 414 past bullish report events, SBM moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% over 20.
After 296 past bullish report events, SBO moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), and -0.5% 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.
