By Julie Ingwersen
CHICAGO, Oct 13 (Reuters) – U.S. soybean crushings likely fell to a three-month low in September, according to analysts polled ahead of a monthly National Oilseed Processors Association (NOPA) report due on Friday.
NOPA members, which handle about 95% of all soybeans processed in the United States, were estimated to have crushed 155.072 million bushels of soybeans in September, according to the average of estimates from 10 analysts.
If realized, the figure would be down 2.4% from the 158.843 million bushels processed in August and down 4% from September 2020, when crushers processed 161.491 million bushels. It would also be the smallest crush since June.
Estimates for the September 2021 crush ranged from 148.0 million to 162.8 million bushels, with a median of 154.150 million bushels.
September is typically among the least active months for soy processing plants as crushers often schedule maintenance downtime as they await newly harvested beans.
The monthly NOPA report is scheduled for release at 11 a.m. CDT (1600 GMT) on Friday. NOPA releases crush data on the 15th of each month, or the next business day.
Soyoil supplies at the end of September were projected at 1.663 billion pounds, based on estimates from seven analysts. If realized, the figure would be down 0.3% from 1.668 billion the prior month.
Stocks estimates ranged from 1.625 billion to 1.718 billion pounds, with a median of 1.650 billion.
(Reporting by Julie Ingwersen; Editing by Cynthia Osterman)
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