The estimated crush margin narrowed 4.5 percent as soybean costs increased 2.3 percent while the revenue from the crush climbed only 1.4 percent. The value received from oil and meal sales per bushel of soybeans crushed moved from $10.14 to $10.28 per bushel while the price of soybeans climbed 20 cents to $9.02 per bushel. The margin narrowed to $1.26 per bushel. Soybean prices are down two percent from last year while oil and meal values are mixed. Soybean oil prices are 6 percent higher than a year ago and meal values are down 5.5 percent. The crush margin is 22 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…
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.
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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...
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Bloodmeal largest price mover week on week; November cattle on feed higher
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