Soybean Crush Central Illinois – Est. Margin Falls as Soybean Costs Climb

The estimated crush margin narrowed 4.6 percent over the week, consolidating slightly lower after  running higher three of the past four weeks.  In Central IL, soybean costs increased 27 cents per bushel and meal pricing declined $3.60 per ton.  Soybean oil values managed to keep reaching higher, climbing more than two cents per pound.  Each 60-pound bushel of soybeans is crushed into about 46.5 pounds of meal and nearly 12 pounds of oil.  Soybean oil prices moved to its highest closing level since 2012.  Despite the lofty price for soybean oil, the move was not enough to offset both the rise in soybean cost and weaker revenue stream from meal.  The value received from oil and meal sales per bushel of soybeans crushed advanced from $16.13 per bushel to $16.31, while soybean prices slipped from $14.34 to $14.61 cents…