PDF attached
The NOPA crush report was friendly for the soybean complex. NOPA US crush for May was a record for the month at 177.9 million bushels, 2 million above the average trade guess of 175.88 million, 4 million above April but down 0.6 percent on a daily adjusted basis from the previous month. Soybean oil stocks were 1.872 billion pounds, down 85 million from April (April was a 14-month high) and was 70 million pounds below expectations. Note the soybean oil and meal yield fell from April.
Please note I will be out for the remainder of the day
| 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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NOPA061523.pdf