The estimated crush margin declined on a weekly basis in Central IL, reaching a 5-week low as soybean prices raced to a multi-year high. The value received from oil and meal sales per bushel of soybeans crushed increased from $13.27 per bushel to $13.44, but could not keep pace with a 4.5 percent climb in soybean prices that lifted values 49 cents higher to $11.45 per bushel. This caused the margin to narrow 32 cents to $1.99 per bushel.
Soybean, soybean meal and soybean oil prices remain well supported relative to last year. Strong cash market gains and export demand have pushed soybean prices to levels not seen since 2016. Soybean prices are 25 percent over last year’s value, soybean oil is 23 percent stronger, and meal prices are up 27 percent relative to last year. Despite this week’s margin decline, the crush margin…
11.12.2024
Glycerin prices seen supported by declining biodiesel margins
Glycerin is a co-product of biodiesel production, and its supply is dependent on biodiesel margins. The more profitable the margin environment for biodiesel, the larger the supply of glycerin....
11.12.2024
Animal fats and oils prices stable amid losses in vegoil markets
"I think the big drop in soybean oil had everyone take a pause,” one source said.
December soybean oil futures closed at 46.23 cents per lb on Tuesday, down by...
11.12.2024
Meat and bonemeal, bloodmeal higher on active demand
Prices were highly mixed on Tuesday November 12, with active demand reported by market sources.
Porcine meat and bonemeal prices were steady to higher according to sources...