Estimated Crush Margin Holds at 72-Week High

Estimated Crush Margin Holds at 72-Week High

 

Soybean Crush Central Illinois 

The estimated crush margin edged fractionally lower on a weekly basis in Central IL, ending a run of seven consecutive weeks of improved values after reaching a 71-week high last week.  The value received from oil and meal sales per bushel of soybeans crushed declined from $12.94 per bushel to $12.79 while soybean prices fell 15 cents, closing at $10.59 per bushel.  This allowed the margin to remain at $2.20 per bushel.  

Soybean, meal and soybean oil prices remain well supported relative to last year. Strong cash market gains and export demand leave pricing, despite this week’s pull=back, at levels not seen since 2018. Soybean prices are 17 percent over last year’s value, soybean oil is 11 percent stronger, and meal prices are up 23 percent.  The crush margin is 32 percent above where it stood on October 31, 2019. 

The National Oilseed Processors Association (NOPA)…

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

Blog

12.20.2024

45z guidance fails to appear; government scrambles to pass spending bill

45z guidance fails to appear; government scrambles to pass spending bill

The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...

12.20.2024

US animal fats and oils end week softer across the board ahead of holiday slowdown

US animal fats and oils end week softer across the board ahead of holiday slowdown

Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...

12.20.2024

December cattle on feed down on month, year

December cattle on feed down on month, year

Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.

The only significant price...

Latest Tweets