The estimated crush margin fell more than 20 percent in Central IL as soybean costs climbed while meal values fell. Despite soybean oil prices climbing 7.5 percent, it wasn’t enough to offset the effect of lower meal prices and higher soybean costs. The value received from oil and meal sales per bushel of soybeans crushed advanced from $15.88 per bushel to $16.04, while soybean prices jumped from $13.88 to $14.47 cents per bushel. This narrowed the margin to 43 cents to $1.57 per bushel, a six-week low. The crush declined 21.4 percent from last week and is 14 percent below the level seen at this time last year.
Soybean and soybean oil prices continue to be well supported relative to last year. Soybean meal prices are also much stronger but beginning to trend down from recent highs. Stressed domestic stock levels and export demand…
01.07.2025
Biodiesel imports climb 10% from 2-year low; exports fall to lowest level since January 2024
US Census Bureau data released on Tuesday January 7 showed a monthly divergence in biodiesel imports and exports. Biodiesel import volume rose from a two-year low last month, climbing...
01.07.2025
Packer BFT trades higher; rising HO/SBO prices lift UCO sentiment
Three railcars of packer-grade bleachable fancy tallow (BFT) traded higher at 45 cents per lb, Chicago basis on Tuesday January 7.
Apart from this trade and continued activity in choice...
01.07.2025
Poultry by-product pet grade lower on export unease, possible winter weather in Mid-South, Southeast
US animal proteins had limited price changes indicated on Tuesday January 7 due to a quiet tone reported by multiple market sources.
Price pressure was reported on poultry-related...