Estimated Soybean Crush Margin Reaches 66-Week High

Estimated Soybean Crush Margin Reaches 66-Week High

 

Soybean Crush Central Illinois 

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…

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

View a Sample Price Report Downloadable PDF

  • This field is for validation purposes and should be left unchanged.

*all fields required

More from the author

10.26.2020

Grain Prices Reach Multi-Year Highs

10.20.2020

North American Renewable Diesel Capacity

10.19.2020

Overview of Brazil’s Low Carbon Fuel Standard

Blog

10.28.2020

Fats, Oils, & Fuels Webinar 10/27/20: Customer Q&A

Fats, Oils, & Fuels Webinar 10/27/20: Customer Q&A

Video shorts from the Fats, Oils, & Fuels Webinar Report Our team of Senior Analysts break down questions from the live Webinar audience during the call on Tuesday, October...

10.26.2020

Malaysian Developments Drive Veg Oil Prices Sharply Higher

Malaysian Developments Drive Veg Oil Prices Sharply Higher

Malaysian Developments Drive Veg Oil Prices Sharply Higher

Vegetable oil futures jumped sharply on Monday despite a 3 1/2 percent decline in West Texas Intermediate (ETI)...

10.26.2020

Grain Prices Reach Multi-Year Highs

Grain Prices Reach Multi-Year Highs

 

Weekly Recap 

Soybean futures rebounded from the prior week's decline, climbing three percent and closing at highs not...

Latest Tweets

We've setup a tracker to keep tabs on the conversion to renewable fuels. https://thejacobsen.com/renewable-fuels/?refcode=twitter #renewables #biodiesel #feedstocks #lowcarbon ... #fuels #alternativeenergy #diesel

We're IOSCO compliant!
https://thejacobsen.com/about/media/iosco-compliance/ #pricereporting #dco #yellowgrease #usedcookingoil #commodity

Load More...

Keep Track of the Conversion to Renewable Fuels on our special section: Renewable Fuels Watch