Soybean Crush Central Illinois

The estimated crush margin has moved lower in seven out of the past eight weeks, dropping from $2.24 per bushel in September to $1.38 this week. A record soybean harvest has soybean prices at levels not seen since late 2008/early 2009. Lower bean prices usually benefit the margin, but currently, strong soybean supply has been met by a strong crush, which has boosted both the supply of oil and meal.  Unfortunately…