Members of the National Oilseed Processors Association (NOPA) crush 189.8 million bu. of soybeans in October, the highest total ever for any month. The crush pace increased 14.7% from September and was 2.9% above last year.
NOPA data implies a full October crush of 202 million bu., which would also be an all-time record.
Soyoil stocks totaled 1.099 billion lbs. at the end of October, down 8.6 million lbs. from September, despite the strong crush pace. Soyoil stocks fell for a sixth straight month as renewable diesel use continues to use more soyoil than expected.
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