In the week to Friday October 18, the soybean crush margin in Central Illinois increased by 6.6% week on week but was down by 9.1% year on year, according to the USDA’s National Weekly Grain Co-Products Report released on Monday October 21.
In the week to Friday, soybean meal prices climbed to $346.60 per short ton, up by 0.4% week on week from $345.10 per ton but down by 20% year on year.
Soybean prices fell to a four-year low of $9.76 per bushel, down by 3.1% week on week from $10.07 per bu and down by 25.1% from a year earlier.
Soybean oil prices dropped to 42.92 cents per lb, down by 2.7% week on week from 44.09 cents per lb and down by 23.9% year on year.
The increase in soybean meal prices led to a crush margin of $3.36 per bu, up by 25 cents per bu from the prior six-week average of $3.11 per bu.
Market update
…
11.20.2024
Biodiesel supply tightens heading into the new year
Producers, blenders and fuel suppliers are reporting a slowdown in trading this week. A Fastmarkets survey of participants showed that overall sentiment has the market slowing ahead of...
11.20.2024
California UCO prices climb; DCO production eases slightly from record high
US animal fats and oils prices showed mixed trends on Wednesday November 20, with most market activity concentrated in the Gulf and West Coasts.
11.20.2024
US animal proteins steady; avian flu in birds increases in fourth quarter
US animal protein prices were steady on Wednesday November 20. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving weekend starting on Thursday...