The estimated crush margin continued higher with stronger soybean oil demand and a decline in soybean pricing this week. The value received from oil and meal sales per bushel of soybeans crushed moved from $10.18 to $10.14 per bushel while the price for soybeans fell 18 cents to $8.82 per bushel. Soybean oil values advanced six percent while meal prices fell 3.5 percent. The margin expanded to $1.32 per bushel, a 13-week high. The crush margin is 18 percent below levels seen at this time last year.
The National Oilseed Processors Association (NOPA) reported the June US soybean crush declined 1.4 percent from May, while soybean oil stocks dropped 11 percent, continuing to retreat from a seven-year high reached in April. The June crush came in two percent below analyst expectations, marking the second consecutive month the…
11.13.2024
Neste, Air Canada sign SAF agreement for Vancouver
Finnish transport fuel producer Neste and Air Canada have signed an agreement for the delivery of approximately 20 million gallons of sustainable aviation fuel (SAF) for use by the...
11.13.2024
CWG prices up slightly; DCO movements mixed
The US animal fats and oils markets remained mostly stable to slightly higher on Wednesday November 13, with a modest increase in trading, though many participants continued to exercise...
11.13.2024
2024/25 grain consuming animal unit headcounts increase by 0.39%
Meat and bonemeal, porcine and ruminant, Missouri River were lower on Wednesday November 13. Market sources told Fastmarkets that there are varied poultry and layer feed demand levels, with...