The estimated crush margin declined this week as oil products, including soybean oil, took a hit in yesterday’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 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 bushels of beans…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...