02.24.2025
CVR Energy postpones SAF, additional RD capacity plans
CVR Energy is running its one RD plant at 5,000 barrels per day, or 76 million gallons per year, for now, until the company sees final rules on the...
In the week to Friday February 21, the soybean crush margin in Central Illinois increased by 3% week on week and by 10% year on year, according to the USDA’s National Weekly Grain Co-Products Report released on Monday February 24.
In the week to Friday, soybean meal prices showed a slight rebound from a four-year low, rising to $296.80 per short ton. This marked a 0.1% increase from $296.45 per ton week on week, but was down by 17% compared with the same time a year prior.
Soybean prices increased to $10.34 per bushel, up by 0.2% week on week from $10.32 per bu but down by 11% from a year earlier.
Soybean oil prices rose to 45.81 cents per lb, up by 1% week on week from 45.25 cents per lb, and up by 4.5% year on year.
The increase in soybean, soybean meal and soybean oil prices led to a crush margin of $1.97 per bu, down by 4 cents per bu compared with the six-week average of $2.01 per bu.
Market update
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