Thomson Reuters and the National Oilseed Processors Association (NOPA) today announced an agreement for Thomson Reuters to serve as the exclusive distributor of Nopa's monthly soybean crush data via Thomson Reuters Eikon, the company's flagship financial markets desktop.
The NOPA data reports soybean processing ("crush") information each month in one of the world's most important soybean growing and exporting nations, providing a key indicator of usage and therefore potential impacts on the global marketplace.
Rising global demand for food, feed, and fuel has led to the rapid expansion of the agricultural commodities markets and NOPA's monthly soybean crush data, the leading U.S. statistical industry data available, is tracked closely by the market. Now available via Thomson Reuters Eikon, the NOPA data will be combined with insight from Thomson Reuters Research & Forecasts analysts, including those from Thomson Reuters Lanworth, to produce a unique analytical picture of the market via one desktop.
NOPA is a national trade association that represents companies regularly engaged within the continental limits of the United States in the processing of oilseeds, including soybeans, for meal and oil using a solvent extraction process known as 'crush'. Meal is a primary component of animal feed rations and oil a primary feedstock for food and biodiesel manufacture. NOPA represents 12 member companies operating 57 soybean processing plants in 19 US states which account for approximately 95% of U.S. soybean crush.
Each month, NOPA aggregates soybean crush data from each of its members and issues a monthly report that includes information on stocks, yield and exports. From February 2013, the NOPA report will be available monthly via Thomson Reuters Eikon. As part of the agreement, Thomson Reuters will be the exclusive distributor of the report on behalf of NOPA to all its members. Non-NOPA members choosing not to subscribe to Thomson Reuters Eikon will be able to subscribe to just the NOPA crush reports via Thomson Reuters at http://commoditiesupdates.thomsonreuters.com/nopa/. The next NOPA crush report will be released on February 15, 2013, at 12:00 PM Eastern Time.
"As one of the leading, global inforrmation providers to the commodity and energy markets, we are delighted that NOPA has chosen Thomson Reuters to distribute this important and influential market information to our agriculture customers using Thomson Reuters Eikon," said Kris Carlson, head of agriculture markets at Thomson Reuters. "Our 2011 acquisition of Lanworth, a specialist in crop forecasting and forestry research, solidified Thomson Reuters reputation as a leading information source for agriculture markets. Thomson Reuters Eikon is a compelling one-stop desktop for U.S. and global agricultural market professionals and the addition of this NOPA data will add even more unique insight."
"As NOPA's monthly crush report is becoming increasingly important to the marketplace, it makes sense for us to work with a company like Thomson Reuters, an expert in distributing information to market participants with a large community of customers, to ensure our monthly reports get to the market as quickly and efficiently as possible," said Tom Hammer, NOPA President. "NOPA's primary objective is to make sure that all interested market professionals have simultaneous access to timely and accurate information in a manner that is responsive to their specific needs. As an industry-led association, we invest heavily in the preparation of these monthly statistics in order to keep the market informed."