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South central kansas | "From 2011 until now, the only source of soybean crushing data was from the National Oilseed Processors Association, a trade group that represents 13 crushing companies. Thomson Reuters bought exclusive rights to distribute NOPA reports in 2013."
"DTN Analyst Todd Hultman said it's nice to have public access to soybean crush data once again."
"USDA's new crush totals confirmed that NOPA's numbers were at roughly 93% to 95% of the totals from May through August, a decent approximation," Hultman said. "Even so, it is still good to have these crush totals confirmed and made publicly available as it helps make a fairer market for everyone."
"The NASS report, officially titled "Fats and Oils: Oilseed Crushings, Production, Consumption and Stocks," is part of the Current Agricultural Industrial reports, which also include "Grain Crushings and Co-Products Production" and "Cotton System Consumption and Stocks" reports. Those two reports have been published since February."
The Fat and Oils report includes monthly crush and production of crude oil from a variety of agricultural commodities including soybeans, canola, cottonseed, palm, sunflower and other vegetable oil sources.
It also includes production and consumption of selected fats and oils as well as monthly stocks estimates of selected fats and oils.
Hultman said he thinks the soybean oil inventory number will be one that farmers, traders and analysts watch in addition to total soybeans crushed.
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soybean crush report
