The estimated crush margin improved 14 percent as the cost of soybeans declined while the revenue streams increased. The value received from oil and meal sales per bushel of soybeans crushed moved from $10.28 to $10.34 per bushel while the price of soybeans fell 12 cents to $8.90 per bushel. The margin expanded 18 cents to $1.44 per bushel. Soybean prices are six percent higher compared to a year ago and oil values are nine percent over last year, but meal prices are down two percent. 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…
01.30.2025
Diamond Green Diesel will look to Europe for RD, SAF: Valero
The most attractive markets for renewable diesel (RD) and sustainable aviation fuel (SAF) are Europe and the UK, Eric Fisher, senior vice president of US-based fuels producer Valero, said...
01.30.2025
DCO holds firm while animal fats sentiment softens amid market uncertainty
Activity in the US animal fats and oils markets eased on Thursday January 30 as the month neared its end on a more cautious note amid ongoing uncertainty.
01.30.2025
Limited hide bidding interest; some Chinese tanners engage for discounts
Several hide sellers noted limited bidding interest on Thursday January 30, except for one packer who received strong volume bids from Chinese upholstery and shoe tanners despite the ongoing...