Lower Soybean Oil Prices Narrow Crush Margin

Lower Soybean Oil Prices Narrow Crush Margin

 

Soybean Crush Central Illinois โ€“ Margin down 50% from last year

The estimated crush margin declined this week as oil products, including soybean oil, took a hit in yesterdayโ€™s market move lower. The value received from oil and meal sales per bushel of soybeans crushed moved from $9.96 to $9.88 per bushel while the price for soybeans declined only two cents to $8.74 per bushel.  Soybean meal prices held steady, edging 10 cents per ton lower to $291.20 but soybean oil prices fell 2.5 percent to 26.15 cents per pound in Central Illinois. This allowed the margin to narrow six cents to $1.14 per bushel. The crush margin is 50 percent below levels seen at this time last year. 

The US Department of Agricultureโ€™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 bushels of beansโ€ฆ

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