U.S. Soybean Crushings Steady in August

 

The National Oilseed Processor Association (NOPA) issued August soybean crush and stocks data on Monday, September 16. According to the data, NOPA member soybean processing was slightly lower from July but set another record for the month at 4.574 million tonnes. Cumulative October-August NOPA crush is now running 0.8% above last year. This points to another likely increase for the soybean crush will be coming from the U.S. Department of Agriculture (USDA) in the October World Agricultural Supply and Demand Estimates (WASDE).

 

According to analysts’ expectations published by Reuters, the trade was looking for crush to come in near 4.409 million tonnes with the highest guess slightly above the actual at 4.599 million tonnes. While the trade was looking for a modest setback in processing as many analysts believed that July processing surged to make up for earlier unplanned downtime, August was expected to see a seasonal slowdown in processing as slipping crush margins and annual maintenance were seen as reducing run rates.

 

 

Video: When is Sustainable Packaging Coming in the Canadian Agri Food Industry? 3 Critical Perspectives

Canada’s regulatory landscape on single-use plastics is complex but a recent ruling by the Federal Court of Appeal sided with the government’s intent to eliminate single-use plastics. What does this mean for the Canadian agri-food industry? How can companies find the right balance between regulatory compliance and implementing costly alternative solutions? What are retailers and consumers saying about sustainable packaging? This webinar features Joshua Goodman, Head of Corporate Sustainability, Sobeys; Marie-Anne Champoux-Guimond, Director of Sustainability, Keurig Dr Pepper Canada and Glenford Jameson, Canadian Food Lawyer, G.S. Jameson and Company

This 60-minute webinar brings together three industry leaders to examine the opportunities, challenges, and realities of the path forward. In this session, you will gain insights into:

•Canada’s regulatory roadmap and timeline on eliminating single-use plastics

•Current end-of-life solutions for plastics and alternative packaging solutions

•The need to have a corporate strategy that aligns with reality at the retail shelves

•How major brands and retailers are pivoting

•Supply chain considerations

•Common misconceptions