The estimated crush margin experienced a sharp decline on a weekly basis in Central IL as soybean costs raced higher. The value received from oil and meal sales per bushel of soybeans crushed advanced from $15.31 per bushel to $15.33, noticeably lagging the climb in soybean prices that climbed from $13.27 to $13.691 cents per bushel. This caused the margin to narrow 40 cents to $1.64 per bushel, 16 percent below the margin value from this time last year and at a 15-week low.
Soybean, soybean meal and soybean oil prices continue to remain well supported relative to last year. However, the rapid rise in soybean costs has started to lower margins. Strong cash market gains and export demand have pushed soybean prices to levels not seen since 2014. Soybean prices are 57 percent over last year’s value, soybean oil is 62 percent stronger, and meal prices are up…
02.04.2025
Chicago, Gulf animal fats and oils markets strengthen despite ongoing uncertainty
The US animal fats and oils markets were stable to higher on Tuesday February 4, as Chicago market activity saw a notable uptick throughout the day.
Six railcars...
02.04.2025
Light trade volume leaves most US animal protein prices flat
Light trade volume was reported in the US animal proteins markets for Tuesday February 4.
Ruminant meat and bonemeal, Missouri River, was reported as steady from Monday February...
02.04.2025
December US soybean crush, corn consumption up month on month
US soybean crush above monthly, yearly levels
Soybeans crushed for crude oil totaled 218 million bushels in December 2024, up by 7% from November and by 4% from...