Market sources’ average crush estimate for November was around 196.5 million-197 million bushels of soybeans.

NOPA reported the October soybean crush at 199.96 million bu, up by 13% month on month and by more than 5% year on year. The figure surpassed the prior monthly processing record of 196.41 million bu set in March.

NOPA members process about 95% of US soybeans.

The outlook for implied US soyoil demand for November was mixed, with domestic soybean oil stocks expected to hover between 1.0 million-1.1 billion lbs.

NOPA’s estimate of soybean oil stockpiles among members in October was 1.069 billion lbs, down from 1.066 billion lbs in September and from 1.63 billion lbs in August.

In the US, soybean oil is the primary feedstock used in the production of biomass-based diesel…