Loading…
Traders are awaiting NOPA's monthly report on September soybean crush, with estimates spanning about 13 million bushels. The article notes the September crush was expected to be a record, with crush margins having fallen sharply in early October.
Crush volume determines domestic soybean meal and oil output, so a strong or weak NOPA figure can shift meal and oil prices and offset weak export demand.
globalagnetwork.comNov 14, 2018After 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.
After 114 past neutral report events, Soybean Oil moved a median +0.1% over 5 sessions (52% higher; middle half -1.7% to +1.4%), 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.
