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SOYBEANS: Looking Forward to the NOPA Squeezing Report

by | Sep 17, 2021 | Beans, Pulses

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BEIJING: Foreign media news on September 14: The National Oilseed Processing Industry Association (NOPA) plans to release monthly crush data at 11 am Central Time on Wednesday (September 15). Analysts expect soybean crushes to remain low in August. Because the supply of old beans is already scarce, the crushing plant is waiting for the new beans to be harvested on the market.

Soybeans processed by NOPA member companies account for about 95% of the country’s total. According to the survey, the soybean crush in August 2021 is expected to be 4.196 million tons (equivalent to 151.83 million cats), a decrease of 0.6% from the 151.05 million cats in July and a 6.6% decrease from the 1650.5 million cats in August 2020. If the forecast becomes a reality, this will also be the lowest squeeze during the same period since 2017, and it will also be the lowest monthly squeeze in the past two years.

The analyst’s forecast range is from 1.4600 to 158 billion bushels, with a median value of 155 billion bushels. Last Friday, the U.S. Department of Agriculture, in its supply and demand report, lowered its forecast for the US soybean crush for the year 2021/22 to 2.18 billion bu, which was lower than the 2.205 billion bu last month; the US soybean crush for the 2020/21 year was also reduced by 1,500. Ten thousand PO, to 2.140 billion po.

The price of non-GMO organic soybeans produced in China is currently stable, with export quotations ranging from US$1100 to US$1130 per ton.

Current Market Price in China for 2020 CROP soybean

Product  Organic Soybean
Type  NON-GMO
Colour  Yellow
Purity  99.5 % Min
NON GMO
Package  25kg  Paper Bag
Loading  22Tons / 20GP
FOB Dalian USD 1120/Mt

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