The estimated crush margin more than offset the prior week’s nine percent decline, climbing nearly 11 percent this week as revenue streams approached multi-year highs. The value received from oil and meal sales per bushel of soybeans crushed held increased from $11.22 per bushel to $11.84, while the price of soybeans moved 47 cents higher to $10.31 per bushel. The margin expanded 11 percent to $1.53 per bushel, a three-week high.
The recent rally in commodity prices shows soybean prices to be 19 percent above values from a year ago, soybean oil values are 20 percent higher, and meal prices up 11 compared to a year ago. Despite the recent run-up in meal and oil pricing, the crush margin is 10 percent below levels seen on September 19, 2019.
The National Oilseed Processors Association (NOPA) reported the US soybean crush reached a nine-month…
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...