Lower Soybean Cost and Stronger Oil Value Lifts Margin

Lower Soybean Cost and Stronger Oil Value Lifts Margin

 

Soybean Crush Central Illinois – Est. Margin Improves as Oil Price Surges

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…

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Blog

03.28.2024

LCFS credit volumes, average prices move higher

LCFS credit volumes, average prices move higher

**Please note – There will be no Biomass Based Diesel bulletin on March 29, 2024, in observance of Good Friday.**

**Bob Lane was out of the office today.**


California low carbon...

03.28.2024

Diverging FOB and delivered markets to close out March

Diverging FOB and delivered markets to close out March

Please note – The Jacobsen will not publish an Animal Fats bulletin on Friday, March 29th in observance of the Good Friday holiday.

Trading was quiet ahead of...

03.28.2024

March monthly averages mixed for animal proteins

March monthly averages mixed for animal proteins

** Please note: The Jacobsen will not publish a bulletin on Friday, April 29 in observance of Good Friday. **

Light trade was reported for the end of...

Latest Tweets