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…
05.01.2024
Renewable diesel tops petroleum diesel as CA’s most blended diesel fuel in 2023
The consumption of renewable diesel (RD) in California reached a new milestone in 2023, with RD blending surpassing that of petroleum diesel for the first time. Data released on...
05.01.2024
Distillers’ corn oil production moves higher
Four cars of technical tallow traded lower on Wednesday May 1, down to 47 cents per lb Chicago basis.
Used cooking oil (UCO) and yellow grease traded...
05.01.2024
Animal protein prices steady amid avian flu outbreak
US animal protein prices were steady or up on Wednesday May 1 amid limited reported trade, with multiple market participants attending the Petfood Forum in Kansas City, Missouri, this...