The estimated crush margin continued to decline as weaker soybean meal and soybean oil pricing outpaced softer soybean prices in Central Illinois. This is the first time in five weeks that soybean prices closed lower on a weekly basis. The value received from oil and meal sales per bushel of soybeans crushed moved from $9.92 to $9.82 per bushel while the price for soybeans gained eight cents to $8.82 per bushel. The outlook on additional soybean purchases from China fell seven cents to $8.75 per bushel. Soybean meal prices edged lower, slipping $1.80 per ton to $288.50. Soybean oil values gave back most of what they gained the week prior, falling 1.95 percent to 26.19 cents per pound in Central Illinois. This allowed the margin to narrow three cents to $1.07 per bushel. The crush margin is 45 percent below levels seen at this time last year.
The National Oilseed Processors…
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