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NOPA June soybean crush smaller than expected at 138.074 mln bu
(NOTE: For a table detailing NOPA data by region, see Eikon
By Julie Ingwersen
CHICAGO, July 17 (Reuters) - The pace of U.S. soybean
processing in June fell below a range of analyst expectations
and came in lower than a year ago, the National Oilseed
Processors Association said on Monday.
NOPA said that its members crushed 138.074 million bushels
during June, down from 149.246 million bushels in May. A year
ago, the June crush was 145.050 million bushels.
Analysts had been expecting a June crush of 143.093 million
bushels, based on an average of analysts' estimates in a Reuters
survey. Crush forecasts ranged from 141.0 million to 144.0
million bushels, with a median of 143.5 million bushels.
NOPA said soymeal exports during the month fell to 562,684
tons, down from 592,924 tons in May and 594,710 tons a year
Soyoil stocks as of June 30 fell to 1.703 billion pounds
from 1.749 billion at the end of May. NOPA reported soyoil
stocks of 1.985 billion pounds at the end of June 2016.
Analysts had forecast soyoil stocks of 1.714 billion pounds.
NOPA is the largest U.S. trade group for oilseed processors.
It releases crush data on the 15th of each month or the next
NOTE: For a table detailing NOPA data by region, see Eikon
(Reporting by Julie Ingwersen)
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