The Central Illinois crush margin followed soybean oil prices higher during the week ending November 25, 2021. The value received from oil and meal sales per bushel of soybeans crushed increased from $18.96 per bushel to $19.93, while soybean prices slipped from $16.08 to $15.95 cents per bushel. This allowed the margin to expand $1.00 to $3.98 per bushel, a six-week high. The crush margin is 38 percent over the week prior and 153 percent above 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 have helped support the soybean complex. Demand from the food and fuel industries continues to underpin soybean oil values. Insufficient crushing and refining capacity are leading to new crushing facilities being announced. Soybean prices are 10 percent over…
04.18.2024
Total RFS blending falls in March, domestic biodiesel blending increases
The Environmental Protection Agency (EPA) reported 1.66 billion gallons of renewable fuel blended within the nation’s transportation fuel pool during March. Blending was six percent below February and...
04.18.2024
EU UCO premium to US continues to grow
The US animal fats and oils market was mostly quiet on Thursday April 18, with a handful of price changes reported. Choice white grease (CWG) into the Missouri River...
04.18.2024
Ruminant meat and bonemeal price pressure in most regions
Price pressure was reported on several regions for meat and bone meal, ruminant and porcine items. Market sources said buyer pushback and light demand, with exception to the pet...