Soybean Crush Central Illinois – Est. Crush Margin Trends Higer

The Central IL estimated crush margins, already at multi-year highs, continued to move higher over the past week. Strong demand for soybean meal and soybean oil elevated revenues, while the price of soybeans edged lower.  In Central IL, soybean costs declined while meal and oil sales increased 2.3 percent during the week ending July 8, 2021. The value received from oil and meal sales per bushel of soybeans crushed increased from $16.49 per bushel to $16.87, while soybean prices slipped from $13.80 to $13.74 cents per bushel.  This allowed the margin to expand 44 cents to $3.13 per bushel.  The crush margin is 16 percent above last week’s value and 164 percent over last year.

Soybean, soybean meal, and soybean oil prices remain elevated compared to values from a year ago. Domestic stock concerns and export demand have helped support the soybean complex. Demand from the food…