NOPA crush far exceeds expectations.

January's NOPA crush was positive. Even with a weather influence it managed +3.8% from prior year. There were a light of eyes on today's numbers covering February activity. A strong 186.194 million bushels was reported for this month. That was huge at +12.6% from last year. Year to date numbers run +6.0% from last year, over USDA's current view of +4.0%.

If remaining crush runs +6% from last year we'll exceed USDA's goal by 48 million bushels. A +7% pace pushes that to 58 million over. A pace of +8%  would push the overage to 69 million.

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