The estimated crush margin continued higher with stronger soybean oil demand and a decline in soybean pricing this week. The value received from oil and meal sales per bushel of soybeans crushed moved from $10.18 to $10.14 per bushel while the price for soybeans fell 18 cents to $8.82 per bushel. Soybean oil values advanced six percent while meal prices fell 3.5 percent. The margin expanded to $1.32 per bushel, a 13-week high. The crush margin is 18 percent below levels seen at this time last year.
The National Oilseed Processors Association (NOPA) reported the June US soybean crush declined 1.4 percent from May, while soybean oil stocks dropped 11 percent, continuing to retreat from a seven-year high reached in April. The June crush came in two percent below analyst expectations, marking the second consecutive month the…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
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Gulf prices average higher despite weeklong declines in SBO
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