U.S. soybean crush forecast for September is 187.40 million bushels

Gold Ten Futures, November 1st, according to foreign media reports, before the U.S. Department of Agriculture (USDA) released the monthly soybean crushing report, the surveyed analysts predicted that the report is expected to show that the U.S. soybean crushing volume in September may rebound to 5.623 million short tons, or 187.40 million bushels. If the average forecast of the nine analysts surveyed is realized, the crushing volume will be 11.9% higher than the nearly three-year monthly crushing low set in August 167.50 million bushels, and 7.2% higher than the 174.70 million bushels crushed in September 2023. This will also be a new record for September crushing volume. Analysts' crushing volume forecast range is between 186.90 million - 189 million bushels, with a median estimate of 187.20 million bushels.