Analysts expect a trade group to report a slowdown in U.S. soybean crushing in August from a month earlier.
The average estimate for soybean processing in August as reported by the National Oilseed Processors Association is 136 million bushels, according to a survey by The Wall Street Journal, down from 144.7 million bushels in July but above 131.8 million a year earlier. Estimates range from 133.1 million bushels to 138.7 million bushels.
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Analysts also expect NOPA to report soyoil stocks in August of 1.407 billion pounds, down from 1.558 billion in July and 1.62 billion a year earlier.
NOPA's report, which only includes data from its members, is released on Friday at 12 p.m. ET.
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(END) Dow Jones Newswires
September 13, 2017 17:16 ET (21:16 GMT)