The estimated crush margin edged fractionally higher this week as increased revenue was largely offset by a rise in soybean cost. Revenue from soybean meal sales increased nearly six dollars per ton, or two percent to $291.30, while soybean oil prices increased 3.7 percent to 26.82 cents per pound in Central Illinois. The value received from oil and meal sales per bushel of soybeans crushed moved from $9.72 per bushel to $9.96 while soybean prices increased 23 cents to $8.76 per bushel. This allowed the margin to expand a penny to $1.20 per bushel. The crush margin is 45 percent below levels seen at this time last year.
The US Department of Agriculture’s (USDA) April crush data was in line with expectations from the data previously released by the National Oilseed Processors Association (NOPA) in mid-April. Per the USDA, 183.4 million…
02.25.2025
Prices for US animal fats and oils hold steady amid pressure from outside markets
The US animal fats and oils markets held steady on Tuesday February 25, with limited new trades reported throughout the day.
Following an active trading week last week,...
02.25.2025
US weekly soybean, wheat export inspections increase; corn drops
Export inspections of US grains showed a decline for corn, but an increase for soybean and wheat in the week to Thursday February 20, according to USDA data released...
02.25.2025
US hide export shipments fall below weekly, yearly levels
US hide trading was relatively slow, with a reported trade on heavy native steers (HNS) at steady levels and a slight dip for butt branded steers (BBS). Market participants...