Soybean Crush Central Illinois – Margin Falls on Revnue Decline & Increased Soybean Cost 

The estimated crush margin fell 14 percent this week as soybean costs increased while revenue streams moved lower.  Revenue from soybean meal sales decreased $3.50 per ton while soybean oil prices decline three percent. The value received from oil and meal sales per bushel of soybeans crushed declined from $9.92 per bushel to $9.75 while soybean prices increased three cents to $8.51 per bushel. This allowed the margin to narrow 14 percent, or 20 cents to $1.24 per bushel. The crush margin is 33 percent below levels seen at this time last year. 

The National Oilseed Processors Association (NOPA) reported the US soybean crush hit a new all-time high during the month of March. NOPA members crushed 181.374 million bushels of soybeans during the month easily surpassing analysts’ estimates of 175.163 million.  This…