U.S. Soybean Crushings Slip in November

The National Oilseed Processor Association (NOPA) issued November soybean crush and stocks data on Monday, December 16. According to the data, NOPA member soybean processing in the second month of the 2019/20 product (October-September) marketing year totaled 4.488 million tonnes. This was off 0.285 million tonnes from October and compares to last November’s crushings of 4.544 million tonnes.

 

 

According to analysts’ expectations published by Reuters, the trade was looking for crush to come in near 4.681 million tonnes with the lowest published guess slightly above the actual crushings at 4.589 million tonnes. Again, this month, there was a wide range of guessing from polled analysts, with some respondents suggesting that crush could come in as high as 4.845 million tonnes. It is not uncommon for crushings to slip from October to November, given the lower number of calendar days, but there were some ideas in the marketplace that crushings would rise as harvest advanced and brought new-crop soybeans into crushers’ supply chains. Instead, some analysts believed that low farm prices and depressed margins were factors that limited crushings for the month.

 

Video: Dicamba Returns for Georgia Farmers: What the New EPA Ruling Means for Cotton Growers

After being unavailable in 2024 due to registration issues, dicamba products are returning for Georgia farmers this growing season — but under strict new conditions.

In this report from Tifton, Extension Weed Specialist Stanley Culpepper explains the updated EPA ruling, including new application limits, mandatory training requirements, and the need for a restricted use pesticide license. Among the key changes: a cap of two ½-pound applications per year and the required use of an approved volatility reduction agent with every application.

For Georgia cotton producers, the ruling is significant. According to Taylor Sills with the Georgia Cotton Commission, the vast majority of cotton planted in the state carries the dicamba-tolerant trait — meaning farmers had been paying for technology they couldn’t use.

While environmental groups have expressed concerns over spray drift, Georgia growers have reduced off-target pesticide movement by more than 91% over the past decade. Still, this two-year registration period will come with increased scrutiny, making stewardship and compliance more important than ever.