By Julie Ingwersen
CHICAGO, Oct 15 (Reuters) – The U.S. soybean crush hit a three-month low in September and fell below an average of trade estimates, while soyoil stocks at the end of last month rose for a third straight month, according to National Oilseed Processors Association (NOPA) data released on Friday.
NOPA members, which handle about 95% of all soybeans processed in the United States, crushed 153.800 million bushels of soybeans last month, down 3.2% from the 158.843 million bushels crushed in August and 4.8% below the 161.491 million bushels in crushed September 2020.
The September crush had been expected to drop to 155.072 million bushels, according to the average of estimates from 10 analysts. Estimates ranged from 148.0 million to 162.8 million bushels, with a median of 154.150 million bushels.
NOPA said soyoil supplies among its members as of Sept. 30 rose to 1.684 billion lbs, from 1.668 billion lbs at the end of August.
Oil stocks had been expected to decline to 1.663 billion lbs, based on estimates gathered from seven analysts. Estimates ranged from 1.625 billion to 1.718 billion lbs, with a median of 1.650 billion.
Soymeal exports last month fell to 603,545 tons, down from 856,619 tons in August and 991,134 tons in September 2020, NOPA said.
(Reporting by Julie Ingwersen)
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