04.24.2024
Biodiesel output strong in Q2; producers start locking in Q3-Q4 sales
A second producer echoed this sentiment and said they have had to work a bit harder to secure feedstock to line it up with sales at the right time.
Soybean Crush Central Illinois – USDA July Crush Confirms NOPA
The estimated crush margin rebounded, climbing 20 percent from last week as soybean oil prices rallied amd soybean futures moved lower. The value received from oil and meal sales per bushel of soybeans crushed increased from $16.39 per bushel to $16.43, while soybean prices fell from $13.60 to $13.07 cents per bushel. This allowed the margin to expand $0.61 cents to $3.36 per bushel, reaching its highest level since January 2015. The crush margin is 21 percent over last week and 120 percent higher than a year ago.
Soybean, soybean meal, and soybean oil prices remain well supported. Tight domestic supply and export demand have helped support the soybean complex. Demand from the food and fuel industries continues to underpin soybean oil value. Insufficient crushing and refining capacity is leading to new crushing facilities being announced. Soybean prices are 35 percent over…