FI PDF attached
NOPA reported the April US crush at 169.8 million bushels, 2.6 million bushels below an average trade guess of 172.4 million, down from 181.8 million during March and up from 160.3 million year ago. For the month of April, crush was second largest, behind 171.8 million reported for April 2020. The daily crush rate fell 3.5% from March but is up 5.9% from April 2021. End of April soybean oil stocks were 1.814 billion pounds, 25 million pounds below the 1.839 billion average trade guess. At 1.814 billion, stocks are lowest since November 2021, down from 1.908 billion at the end of March (down 93 million) and up from 1.702 billion year earlier (up 112 million). The April oil yield increased to 11.88 pounds per bushel from 11.83 for March. The meal yield was down from the previous month to 47.07 (47.24 March).
Terry Reilly
Senior Commodity Analyst – Grain and Oilseeds
Futures International
One Lincoln Center
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Oakbrook Terrace, Il. 60181
W: 312.604.1366
ICE IM: treilly1
Skype: fi.treilly
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Crush-est-FI051622.pdf