(Dow Jones) -- A monthly report due Monday from the National Oilseed Processors Association is expected to show that soybean crush rates declined for the third straight month in August as prices for the oilseed rose, reducing demand.
According to a survey of analysts, the crush rate in August was about 109.05 million bushels, down from 116.47 million in July.
Processors likely crushed fewer soybeans after Chicago Board of Trade futures rose 3.6% in August as hot, dry weather threatened the nation's crop. Supplies of the oilseed are historically tight due to last year's severe U.S. drought.
"By the time we ...