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The National Oilseed Processors Association reported record April crush of 161 million bushels. Soybean oil stocks exceeded 2 billion pounds, above expectations.
Analysts expect strong crush margins to continue and meal supplies to build.
Rising crush adds meal supply faster than demand may absorb it, which pressures soybean meal prices. Heavy oil stocks also weigh on soybean oil.
rrfn.comCarah HartMay 15, 2018After 399 past bearish report events, SBM moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% over 20.
After 146 past bearish report events, SBO moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +1.9%), 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.
