NOPA Crush Data Shows Soybean Demand Fell In July

The National Oilseed Processors Association said today that soybean demand from U.S. processors fell 6.7 percent last month after Argentina rescinded an export tax increase, ending a four-month dispute with farmers and reducing demand for U.S. vegetable oils and animal feed.

US crushers processed 133 million bushels of soybeans last month, down from 142.5 million in July 2007.