Mumbai, November 15 (Commoditiescontrol) Soybean crushing gathered pace in the U.S. during the month of October showed the data released by the National Oilseed Processors Association (NOPA) on Monday. As per the data, NOPA members crushed 183.993 million bushels of soybeans in October, up from 153.800 million bushels crushed in September but below the 185.245 million bushels in crushed October 2020.
The October crush, which was the third highest monthly total on record, reflects the withdrawal of one NOPA member from reporting, said the association.
NOPA said soyoil supplies among its members as of Oct. 31 rose to 1.835 billion pounds, the highest since the end of May 2020. A month ago, soyoil stocks stood at 1.684 billion pounds. Soyoil stocks have risen for four months in a row.
Oil stocks had been expected to rise to 1.724 billion pounds, based on estimates gathered from eight analysts. Estimates ranged from 1.590 billion to 1.834 billion, with a median of 1.742 billion.
(By Commodities control Bureau; +91 9820130172)
0 Comments 
Post Comment 
