A new Reuters poll said soybean processors likely crushed a record number of soybeans in September as new facilities ramp up operations. That poll took place as market watchers continued relying on private estimates during the government shutdown.
According to a note to clients from CoBank, the crush totaled 205.4 million bushels in September. If that’s accurate, that would be a ten percent month-over-month increase, and the highest on record for the month. On a daily basis, the poll said crush likely rose 7.8 percent to 6.847 million bushels a day. USDA’s Fats and Oilseeds Report, which is usually released monthly, has been nonexistent for the past two months due to the record-long government shutdown.
The National Oilseeds Processors Association said earlier this month that it estimated the September crush at 197.9 million bushels during the month, up almost 12 percent year over year and a record for the month.
