PDF attached
US April NOPA crush came in 900,000 bushels below expectations, was off 3.7% from March on a daily adjusted basis, and up 2.0% from April 2022, daily adjusted. April crush was a record for the month. The soybean oil yield was also a record for the month at 11.94 pounds per bushel, up from 11.85 for March. This boosted production to 2.068 billion pounds, 2.5% above April 2022. Soybean oil stocks of 1.957 billion pounds, up from 1.851 billion at the end of March and 129 million above the average trade estimate. The soybean meal yield slipped to 47.60 from 47.70 during March.
| Terry Reilly Senior Commodity Analyst – Grain and Oilseeds |
| Futures International One Lincoln Center 18W140 Butterfield Rd. Suite 1450 Oakbrook terrace, Il. 60181 |
| Work: 312.604.1366 ICE IM: treilly1 Skype IM: fi.treilly |
| treilly@futures-int.com
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Crush-est-FI051523.pdf