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The estimated crush margin held steady this week as reduced soybean cost was offset by lower soybean oil and meal income. Revenue from soybean meal sales declined six dollars per ton, or two percent to $289.70, while soybean oil prices increased 3.3 percent to 25.59 cents per pound. The value received from oil and meal sales per bushel of soybeans crushed moved from $9.68 per bushel to $9.64 while soybean prices declined four cents to $8.39 per bushel. This left the margin unchanged at $1.25 per bushel. The crush margin is 41 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…
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...