The estimated crush margin improved as revenue streams from soybean oil and meal sales held somewhat steady while soybean cost declined. Revenue from soybean meal sales increased 10 cents per ton higher while soybean oil prices shifted fractionally lower. The value received from oil and meal sales per bushel of soybeans crushed declined from $9.69 per bushel to $9.68 while soybean cost dropped 12 cents to $8.51 per bushel. This allowed the margin to narrow nine percent, or 11 cents to $1.18 per bushel. The crush margin is 39 percent below levels seen at this time last year.
The National Oilseed Processors Association (NOPA) reported the April US soybean crush fell 5.3 percent below the all-time record crush in March. The April crush did exceed expectations, surpassing analysts’ estimates for the fifth consecutive month, and showing the…
11.15.2024
October soybean crush reaches all-time monthly high; biofuel demand limits rise in soybean oil stocks
The National Oilseed Processors Association (NOPA) reported the October soybean crush at a record monthly high of 199.9592 million bushels, eclipsing the previous record of 196.406 million bushels set...
11.15.2024
UCO 2025 market clouded by China’s cancellation of export rebate
China will cancel its current 13% export tax rebate for used cooking oil (UCO), a key biofuel feedstock, effective December 1, the country’s Ministry of Finance and the State...
11.15.2024
US animal protein prices steady to firmer week on week; SBM under pressure
The US animal proteins market was steady to higher in the week to Friday November 15. Even with decreases in Chicago Board of Trade (CBOT) soybean meal futures, prices...