Rising Soybean Costs Force Crush Margin Lower

Rising Soybean Costs Force Crush Margin Lower

 

Soybean Crush Central Illinois – Est. Margin falls as Soybean Costs Soar

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…

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

01.07.2021

Soybean Exports at Marketing Year Low

01.05.2021

NY Renews Legislation for a Statewide LCFS

12.24.2020

Marketing Year Low For Weekly Corn & Soybean Exports

Blog

01.13.2021

Soybean Oil Falls on Weakness in Soybean Futures

Soybean Oil Falls on Weakness in Soybean Futures

Vegetable oil prices were mixed on Wednesday, with soybean oil prices falling on weakness in soybean futures due to profit-taking following Tuesday's bullish USDA data. Palm oil prices stabilized...

01.13.2021

Firm Demand for Heavy Native Steer Hides

Firm Demand for Heavy Native Steer Hides

Heavy Native Steer (HNS), Heavy Native Dairy Steer (HNDS) and Dairy Cow (DC) hide demand has been firm due to the strong furniture upholstery business. The majority of...

01.12.2021

Fats, Oils, & Fuels Webinar 1/12/21: Customer Q&A

Fats, Oils, & Fuels Webinar 1/12/21: 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, January...

Latest Tweets

Join us at our first virtual Hemp Conference looking at Hemp Fiber, Flower and CBD - https://thejacobsen.com/events/hemp-conference #hemp #cbd #cbg #industrialhemp

Now you can hedge organic corn, wheat, soybean etc. https://thejacobsen.com/consulting/hedging-commodities/ #organic #corn #soybeans #wheat #grains

Load More...