The crush margin in Central Illinois rose by 7.9% week on week but was down by 18.8% year on year in the week to Friday August 30, according to the National Weekly Grain Co-Products Report released by the USDA on Tuesday September 3.
In the week to Friday, soybean meal prices increased to $344 per short ton after hitting a two-year low, up by 1.3% from $339.70 per ton the week before but down by 19.8% year on year.
Soybean prices jumped to $10.21 per bushel after falling to a three-year low, up by 2.3% week on week from $10.13 per bu but down by 27.7% from the previous year.
The price of soybean oil increased to 43.97 cents per lb, up by 3.9% from 42.30 cents per lb week on week but down by 37.2% year on year.
The increase for soybean, soybean meal and soybean oil prices led to a crush margin of $2.98 per bu, up by 26 cents per bu from the prior six-week average of $2.72 per bu.
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