04.24.2024
Biodiesel output strong in Q2; producers start locking in Q3-Q4 sales
A second producer echoed this sentiment and said they have had to work a bit harder to secure feedstock to line it up with sales at the right time.
Soybean Crush Central Illinois – Margin slides as bean cost climb and meal values edge lower
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…