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NOPA members crushed 160.6 million bushels of soybeans in January 2017, the third-busiest January on record and slightly above estimates. Crush from September through January set a record 3.4% above the prior period high.
Exports have overtaken domestic crush as the top use, but processors have found fewer buyers for soymeal than hoped.
Record crush builds meal supply, and weaker-than-hoped meal demand could pressure soymeal prices even as large crush supports soybean bean demand.
timesofindia.indiatimes.comFeb 22, 2017After 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 399 past bearish report events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% over 20.
After 296 past bullish report events, Soybean Oil 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.
