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The estimated crush margin held steady this week as reduced soybean cost was offset by lower soybean oil and meal income. Revenue from soybean meal sales declined six dollars per ton, or two percent to $289.70, while soybean oil prices increased 3.3 percent to 25.59 cents per pound. The value received from oil and meal sales per bushel of soybeans crushed moved from $9.68 per bushel to $9.64 while soybean prices declined four cents to $8.39 per bushel. This left the margin unchanged at $1.25 per bushel. The crush margin is 41 percent below levels seen at this time last year.
The National Oilseed Processors Association (NOPA) reported the April US soybean crush fell 5.3 percent below the all-time record crush in…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
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BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
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US animal protein prices remain under pressure; soymeal rises
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