Est. Crush Margin Consolidates Lower After Reaching Multi-Year High

Est. Crush Margin Consolidates Lower After Reaching Multi-Year High

**Please Note** The Jacobsen will not publish the Grain & Feed Bulletin on Thursday in observance of the Thanksgiving holiday. A price update will be published on Friday without commentary. Regular programming will resume on Monday.**

 

Soybean Crush Central Illinois 

The estimated crush margin pulled back after reaching a multi-year high a week earlier, as a rapid rise in soybean prices outpaced improved co-product crushing revenues. The value received from oil and meal sales per bushel of soybeans crushed decreased from $16.15 per bushel to $16.34, while soybean prices climbed from $12.18 to $12.62 cents per bushel.  This allowed the margin to narrow $0.25 cents to $3.72 per bushel.  The crush margin was 6.3 percent below last week but is 86 percent over year ago levels.

Soybean, soybean meal, and soybean oil prices remain well supported and promoting strong margin potential for crushing. Tight supply and solid export demand…

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