Soybean Oil Stocks Reach Record High

Soybean Oil Stocks Reach Record High

 

NOPA April Crush Exceeds Expectations, Soybean Oil Stocks Hit Record Level 

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…

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Continue Reading With A 7-Day Free Trial. No Credit Card.

  • Free trials are for all areas excluding Hemp & CBD, as well as Organic & Non-GMO.
  • To validate my email address is accurate, I will respond to the Jacobsen's attempts to contact me. Lack of a response might result in the trial ending early.
  • This field is for validation purposes and should be left unchanged.

*all fields required

More from the author

05.20.2020

DDGS Output Hits Six-Week High

05.19.2020

LCFS Program Expected to Overtake RFS

05.12.2020

California LCFS Weekly Transaction Report

Latest News

04.14.2020

Podcast: Feedstocks to Biofuels Market Intelligence Weekly Webinar

02.11.2020

Small Refinery Exemptions

Blog

05.22.2020

Market Intelligence Forecast 5/19/20: Customer Q&A

Latest Tweets

Webinar on 2020 Organic Corn and Soybean planting survey results, presented tomorrow. https://us02web.zoom.us/webinar/register/WN_tq4BSybeQ-K8lw8yE5vBjA #organic #organicfood ... #grain #corn

We've released a report on our 2020 Organic Corn and Soybean Planting Survey. https://thejacobsen.com/price-reporting/non-gmo-organic/2020-soybean-corn-webinar/ #organic ... #organicfood #corn #soybean

Load More...