The estimated crush margin fell 14 percent this week as soybean costs increased while revenue streams moved lower. Revenue from soybean meal sales decreased $3.50 per ton while soybean oil prices decline three percent. The value received from oil and meal sales per bushel of soybeans crushed declined from $9.92 per bushel to $9.75 while soybean prices increased three cents to $8.51 per bushel. This allowed the margin to narrow 14 percent, or 20 cents to $1.24 per bushel. The crush margin is 33 percent below levels seen at this time last year.
The National Oilseed Processors Association (NOPA) reported the US soybean crush hit a new all-time high during the month of March. NOPA members crushed 181.374 million bushels of soybeans during the month easily surpassing analysts’ estimates of 175.163 million. This…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
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US animal fats and oils end week softer across the board ahead of holiday slowdown
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The only significant price...