Record NOPA April Soy Crush Expected
Traders expect the National Oilseed Processors Association (NOPA) to report soybean crush totaled 172.4 million bu. in April, according to a Reuters survey. While that would be down from 181.8 million bu. crushed in March, it would be a 7.5% increase from last year and the highest April crush on record. Soyoil stocks as of April 30 are estimated at a five-month low of 1.839 billion pounds.