Central Illinois weekly soybean, soyoil, soymeal prices fall

Central Illinois weekly soybean, soyoil, soymeal prices fall

In the week to Friday January 31, the soybean crush margin in Central Illinois decreased by 4% week on week and by 5% year on year, according to the USDA’s National Weekly Grain Co-Products Report released on Monday February 3.

In the week to Friday, soybean meal prices fell to $310.30 per short ton, down by 3% week on week from $320.90 per ton and by 18% year on year.

Soybean prices decreased to $10.40 per bushel, down by 1.5% week on week from $10.56 per bu and by 14% from a year earlier.

Soybean oil prices dropped to 44.48 cents per lb, down by 0.1% week on week from 44.54 cents per lb and by 4% year on year.

The decline in soybean, soybean meal and soybean oil prices led to a crush margin of $2.06 per bu, down by 4 cents per bu compared with the six-week average of $2.10 per bu.

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