04.25.2024
US heating oil, distillate fuel consumption lower than usual in Q1
In the first quarter of 2024, US prices for distillate fuel oil — which includes diesel fuels for vehicles and for home heating — was lower than the...
Soybean Crush Central Illinois – Margin Narrows – NOPA Reports Largest July Crush on Record
The estimated crush margin declined four percent as the cost of soybeans increased at a more rapid pace than revenue streams. The value received from oil and meal sales per bushel of soybeans crushed increased from $10.54 to $10.58 per bushel while the price of soybeans pushed 10 cents higher to $9.12 per bushel. The margin narrowed six cents to $1.46 per bushel. Soybean prices are 6.7 percent higher than they were a year ago, oil values are up 10.7 percent, but meal prices are down one percent from last year. The crush margin is 16 percent below levels seen August 22, 2019.
The US Department of Agriculture’s (USDA) June crush data was in line with expectations from the data previously released by the National Oilseed Processors Association (NOPA) in mid-July. Per the USDA, 177.3…