The estimated crush margin declined this week with soybean prices rising in Central Illinois. The value received from oil and meal sales per bushel of soybeans crushed moved from $9.88 to $9.92 per bushel while the price for soybeans gained eight cents to $8.82 per bushel. The outlook on additional soybean purchases from China improved while feed demand for meal remain unstable. Soybean meal prices edged lower during the week, slipping 90 cents per ton to $290.30 but soybean oil prices climbed 2.1 percent to 26.71 cents per pound in Central Illinois. This allowed the margin to narrow four cents to $1.10 per bushel. The crush margin is 47 percent below levels seen at this time last year.
The National Oilseed Processors Association (NOPA) reported the May US soybean crush declined 1.3 percent from April, while soybean oil stocks dropped nearly…
11.12.2024
Glycerin prices seen supported by declining biodiesel margins
Glycerin is a co-product of biodiesel production, and its supply is dependent on biodiesel margins. The more profitable the margin environment for biodiesel, the larger the supply of glycerin....
11.12.2024
Animal fats and oils prices stable amid losses in vegoil markets
"I think the big drop in soybean oil had everyone take a pause,” one source said.
December soybean oil futures closed at 46.23 cents per lb on Tuesday, down by...
11.12.2024
Meat and bonemeal, bloodmeal higher on active demand
Prices were highly mixed on Tuesday November 12, with active demand reported by market sources.
Porcine meat and bonemeal prices were steady to higher according to sources...