In the week to Friday January 24, the soybean crush margin in Central Illinois increased by 14% week on week and by 5% year on year, according to the USDA’s National Weekly Grain Co-Products Report released on Monday January 27.
In the week to Friday, soybean meal prices rose to $320.90 per short ton, up by 7% week on week from $300.70 per ton but down by 14% year on year.
Soybean prices increased to $10.56 per bushel, up by 2% week on week from $10.38 per bu but down by 14% from a year earlier.
Soybean oil prices fell to 44.54 cents per lb, down by 0.5% week on week from 44.78 cents per lb and down by 8% year on year.
The rise in soybean meal prices led to a crush margin of $2.16 per bu, up 4 cents per bu compared with the six-week average of $2.12 per bu.
Market update
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