12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
The estimated crush margin increased four percent this week as soybean revenue streams improved faster than the cost of soybeans. Revenue from soybean meal sales increased $4.50 per ton over the week while soybean oil prices increased more than two percent. The value received from oil and meal sales per bushel of soybeans crushed moved from $9.75 per bushel to $9.92 while soybean prices increased 12 cents to $8.63 per bushel. This allowed the margin to expand four percent, or five cents to $1.29 per bushel. The crush margin is 28 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…