During the past week, soybean oil prices increased relative to meal and soybean values, allowing soybean oil to capture a large percentage share of crush relative to meal. Soybean oil prices ended the week at 48.89 cents per pound, 2% higher than the week prior. Soybean and soybean meal prices closed one percent lower. This allowed soybean oil to capture 42.3% of the crush value at week’s end.
Over the past year soybean oil’s share of the crush has ranged between 33% and 47%. Since February soybean oil’s percentage share has mostly fluctuated between 40% and 42%. Should the biofuel industry begin to ramp higher, this could lead to increased soybean oil demand and lift the soybean oil share of the crush.
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02.04.2025
Chicago, Gulf animal fats and oils markets strengthen despite ongoing uncertainty
The US animal fats and oils markets were stable to higher on Tuesday February 4, as Chicago market activity saw a notable uptick throughout the day.
Six railcars...
02.04.2025
Light trade volume leaves most US animal protein prices flat
Light trade volume was reported in the US animal proteins markets for Tuesday February 4.
Ruminant meat and bonemeal, Missouri River, was reported as steady from Monday February...
02.04.2025
December US soybean crush, corn consumption up month on month
US soybean crush above monthly, yearly levels
Soybeans crushed for crude oil totaled 218 million bushels in December 2024, up by 7% from November and by 4% from...