Tidbits, NOPA Crush, Inflation, Crop Estimates 7/16/25
- Wright team
- 1 day ago
- 5 min read
Tidbits
The National Oilseed Processors Association (NOPA) reported yesterday at midday they crushed 185.709 million bushels of soybeans in June, a 6% increase from June 2024. The NOPA soybean crush has now set new monthly records 8 of the 10 months this marketing year. Soybean oil stocks were down 6.7 million to 1.366 billion lbs., slightly higher than trade expectations. This is the smallest June oil inventory since 2004, and 16% lower than a year earlier. To learn more about the NOPA, go to: https://www.wrightonthemarket.com/post/about-the-nopa
President Donald Trump announced a 19% tariff on goods from Indonesia under a new agreement, part of ongoing efforts to negotiate better trade terms and reduce the U.S. trade deficit.
The Consumer Price Index (CPI) in the U.S. increased 0.3% in June, the largest gain in five months, but in line with market expectations. The inflation rate for the past 12 months was 2.7% through June, up from 2.4% in May. After the CPI report, the interest rate on the U.S. Treasury 10-year bonds in the secondary market declined and the yield on one month Treasury bills declined as well, reflecting an increased chance the Federal Reserve will reduce interest rates sooner rather than later. Fed Chairman Jerome Powell has said multiple times that inflation may rise this summer due to tariffs increasing prices for consumers.
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