The estimated crush margin climbed nearly 14 percent over the week, reclaiming a large portion of the loss experienced the week prior. In Central IL, soybean costs pulled back 13 cents per bushel while oil values soared more than a penny per pound. Each 60 pound bushel of soybeans is crushed into about 46.5 pounds of meal and nearly 12 pounds of oil. Meal prices fell over the week, but not enough to offset the strong rise in soybean oil. The value received from oil and meal sales per bushel of soybeans crushed advanced from $16.04 per bushel to $16.13, while soybean prices slipped from $14.47 to $14.34 cents per bushel. This narrowed the margin to expand 22 cents to $1.79 per bushel. The crush margin was 13.5 percent above last week’s value but two percent below last year.
Soybean, soybean meal, and soybean oil…
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