Soybean Crush Falls to 13-Month Low of 196.3 Million Bushels
AI Market Summary
September NOPA soybean crush at 196.3 million bushels missed expectations and hit a 13-month low, pressuring soybean futures despite fresh Chinese purchases. Corn and wheat also slipped on harvest pressure and pre-report caution. Rising ethanol output and freeze warnings across the Midwest add supply and crop-risk variables. For macro commodity watchers, the grain complex soft tone may weigh on broad agricultural sentiment, though spillover into gold is limited.
Impact level
● Medium
Affected assets
NCCOGOLD2USD/USDT+0.20%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▼ Bearish
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U.S. soybean processors crushed 196.3 million bushels in September, a 13-month low that came in below both the 197.9 million bushels of a year earlier and the 205 million bushels traders had expected, according to the National Oilseed Processors Association. Ethanol production averaged 1.065 million barrels a day, the highest in a month. Grain futures fell broadly, with soybean, corn and wheat front-month contracts all lower. Frost is forecast in Iowa, Wisconsin and Minnesota.
