Definition
The National Oilseed Processors Association (NOPA) Crush Report contains data from the 12 member companies that account for approximately 95% of the US soybean crush.
Thomson Reuters is the sole distributor of the National Oilseed Processors Association (NOPA) monthly Crush Report. The report includes information on:
• Soybean crush and oils stocks for the current month, previous month and comparable month a year ago for six regions, including: (1) Illinois; (2) Indiana, Kentucky, Ohio and Michigan; (3) Southeast U.S.; (4) Southwest U.S.; (5) Iowa; and (6) Minnesota, North Dakota, South Dakota and Montana
• Total soybean crush and oil stocks for the current month, previous month and comparable month a year ago
• Soybean meal: tons produced, yield, and exports for the current month, previous month and comparable month a year ago
• Soybean oil: pounds produced and yield for the current month, previous month and comparable month a year ago.
Description
Like the USDA’s Fats & Oilseeds report, the NOPA Crush report provides insight into the status of the oilseed processing industry, specifically soybean crushing, which is a demand indicator for soybeans, and soybean oil production and stocks, which are supply indicators. The primary benefit to this report is its timeliness, as it is released about 15 days before the USDA report. The drawbacks are that the data set is slightly smaller and the information is privately held.