The estimated crush margin improved for a fourth straight week in Central Il, raising five percent and reaching a 66-week high. The value received from oil and meal sales per bushel of soybeans crushed increased from $11.99 per bushel to $12.33 while soybean prices moved 25 cents higher, closing at $10.45 per bushel. This allowed the margin to expand nine cents to $1.88 per bushel.
Soybean, meal and soybean oil prices remain well supported relative to last year. Soybean prices are 16 percent over last year’s value, soybean oil is 14 percent stronger, and meal prices are up 14 percent. The crush margin is five percent above where it stood on October 10, 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…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...