Members of the National Oilseed Processors Association (NOPA) crushed a record 165.5 million bu. of soybeans during September, up 2.5% from August and 4.6% above last year. Traders expected the September crush to total 161.7 million bushels.
NOPA data implies a full September soybean crush of 175.0 million bu., which would be a record for the month and well above last year’s 167.6 million bushels.
Soyoil stocks totaled 1.108 billion lbs. at the end of September, down 142 million lbs. from August and 267 million lbs. less than last year, despite the stronger-than-expected crush figure.
