NOPA August U.S. soy crush seen at 169.468 million bushels -survey

14 Sep 2020, 15:04

By Karl Plume CHICAGO, Sept 14 (Reuters) - The U.S. soybean crush likely declined in August from a four-month high the previous month, according to analysts polled ahead of a monthly National Oilseed Processors Association (NOPA) report due on Tuesday. NOPA members, which handle about 95% of all soybeans crushed in the United States, likely crushed 169.468 million bushels of soybeans last month, according to the average of estimates from nine analysts. If realized, it would be down 1.9% from July's crush of 172.794 million bushels but up 0.8% from a year earlier when NOPA members processed 168.085 million bushels, which was the largest August crush on record. Crush estimates ranged from 162.998 million to 173.000 million bushels, with a median estimate of 169.500 million bushels. The monthly NOPA report is scheduled for release at 11 a.m. CDT (1600 GMT) on Tuesday. The organization releases crush data on the 15th of each month or the next business day. Soyoil supplies among NOPA members at the end of August were seen slipping to 1.515 billion pounds, based on the average of estimates from six analysts, down from 1.619 billion pounds at the end of July but above the 1.401 billion pounds at the end of August 2019. If realized, the stocks figure would reflect the smallest end-of-month soyoil supply since November. Estimates for soyoil stocks ranged from 1.420 billion to 1.600 billion pounds, with a median estimate of 1.518 billion. (Reporting by Karl Plume; editing by Jonathan Oatis)