The estimated crush margin was unchanged as the move higher in revenue streams was offset by a runup in soybean cost. The value received from oil and meal sales per bushel of soybeans crushed increased from $11.00 to $11.22 per bushel while the price of soybeans moved 23 cents higher to $9.70 per bushel. Soybean oil pricing consolidated at 34.67 cents per pound in Central Illinois during the week while soybean meal prices climbed over three percent. The margin held steady at $1.52 per bushel.
Soybean prices are 16 percent above values from a year ago, while soybean oil values are up 23 percent, and meal prices are four percent higher. The crush margin is 15 percent below levels seen on September 5, 2019.
The US Department of Agriculture’s (USDA) June crush data was in line with expectations from the data previously released by the…
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