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…
04.19.2024
Reduced March RIN production not leading to higher RIN Prices
Total March biofuel RIN production was 1.9 billion RINs, which was 6% below February and 15% below December’s RIN output of 2.25 billion. December had the largest monthly production...
04.19.2024
CWG, YG higher on week, UCO, DCO down again
The market was quiet heading into the weekend. Used cooking oil (UCO) traded in large volume into the Gulf at 40 cents per lb delivered in the truck market.
04.19.2024
Price pressure on ruminant and porcine items for the week
Sloppy markets were reported for porcine and ruminant items at the close of week ending Friday April 19.
Wide ranges were witnessed on porcine bloodmeal (BM), with a...