The estimated crush margin improved for a second consecutive week in Central Il, climbing two percent and adding on to last week’s 11percent gain. The value received from oil and meal sales per bushel of soybeans crushed declined from $11.84 per bushel to $11.56 but was more than offset by falling soybean prices, which fell 31 cents to $10.00 per bushel. This allowed the margin to expand 2.3 percent to a seven-week high of $1.56 per bushel.
Despite this week’s commodity price pull-back, soybean prices are 15 percent above values from a year ago, soybean oil values are 14 percent higher, and meal prices up 12 percent. The crush margin is on par with what was seen on September 26, 2019.
The National Oilseed Processors Association (NOPA) reported the US soybean crush reached a nine-month low in August, falling 4.5 percent while soybean oil stocks continued to…
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...