The estimated crush margin improved for a third straight week in Central Il, jumping 14.5 percent and reaching a 28-week high. The value received from oil and meal sales per bushel of soybeans crushed increased from $11.56 per bushel to $11.99 while soybean prices gained 20 cents, closing at $10.20 per bushel. This allowed the margin to expand 23 cents to $1.79 per bushel.
Soybean, meal and soybean oil prices remain well supported relative to last year. Soybean prices are 14 percent above last year’s value, soybean oil is 11 percent stronger, and meal prices up 12 percent. The crush margin is on par with what was seen October 3, 2019.
The US Department of Agriculture’s (USDA) August crush data was in line with expectations from the data previously released by the National Oilseed Processors Association (NOPA). Per the USDA,…
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...