October Soybean Crush Hits Record High, Oil Stocks Lowest Since December 2014

October Soybean Crush Hits Record High, Oil Stocks Lowest Since December 2014

The National Oilseed Processors Association (NOPA) reported a record high monthly soybean crush of 189.774 million bushels during October. This was the largest for any month on record, surpassing the prior all-time high of 186.438 million bushels crushed in December 2021.

The October crush topped the average trade assessment of 187.237 million bushels. Estimates for the crush ranged from 180 million to 193.235 million bushels. The October crush was 15 percent above the September crush of 165.456 million bushels and 2.9 percent above the 184.464 million bushels crushed during October 2022.

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Blog

11.21.2024

Domestic US biodiesel blending helps lift October RFS RIN production

Domestic US biodiesel blending helps lift October RFS RIN production

US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...

11.21.2024

CWG trades lower as broader animal fats markets hold steady

CWG trades lower as broader animal fats markets hold steady

The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...

11.21.2024

October commercial cattle, hog production above 2023

October commercial cattle, hog production above 2023

US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...

Latest Tweets