Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "National Oilseed Processors Association"


2 mentions found


National Oilseed Processors Association (NOPA) data on Monday revealed U.S. soybean oil stocks among NOPA members totaled 1.108 billion pounds as of Sept. 30. A mid-year drawdown of U.S. soyoil stocks is common, but this year’s pace is unusual. The U.S. Department of Agriculture projects total domestic soybean oil use at a record 27.45 billion pounds in 2023-24, which began Oct. 1. The most actively traded Chicago soybean oil futures are at three-year lows for the date, down 20% from a year ago. Most-active CBOT soybean oil futuresRISING IMPORTSU.S. soybean oil stocks may be falling, but both the reduction in exports and influx of vegetable oil from overseas have been somewhat offsetting.
Persons: Jason Lee, Stocks, Karen Braun, Miral Organizations: Industry, Trade Co, REUTERS, Rights, Oilseed Processors, U.S . Department of Agriculture, NOPA, U.S, Higher, USDA, Reuters, Thomson Locations: Qufu, Shandong province, China, Rights NAPERVILLE , Illinois, U.S, Chicago, United States, USDA
How U.S. soybeans influence global economics
  + stars: | 2023-10-12 | by ( Andrea Miller | In Dreajmiller | ) www.cnbc.com   time to read: +3 min
"Soybeans are kind of that wonder crop that has amazing capabilities" Arlan Suderman, chief commodities economist at StoneX, told CNBC. "The average soybean production in our county 40 years ago, in 1980, was 31 bushels. The global soybean market exploded in recent years with U.S. production at the forefront. However, the U.S. has since lost its dominance, in part, thanks to its reliance on a single export market: China. According to data from the USDA, about half of the value of U.S. soybean exports head to China.
Persons: Himanshu Gupta, ClimateAI, Suderman, wasn't, Meagan Kaiser, Joe Janzen, Janzen, Kaiser Organizations: National Oilseed Processors Association, United, CNBC, U.S . Department of Agriculture, University of Illinois Locations: U.S, China, Brazil, Argentina
Total: 2