Weekly Soybean Crush Margins Drop 12 Percent from LW

Weekly Soybean Crush Margins Drop 12 Percent from LW

Market Update

At the start of the week, sources reported no major shifts in prices, keeping DDGs steady. Exports continue to be under pressure. Sources also reported participants are keeping a close eye on the upcoming crop progress report tonight.

CME grain pricing showed a positive trend today, apart from wheat which decreased to $6.46/st after falling $0.0325. Soybean prices increased, reaching $14.55/st after gaining $0.2775. Soybean meal increased by $3.00, jumping to $405.80/st, Furthermore, corn increased by $0.0500 to $4.92/st.

Weekly Soybean Crush

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