The estimated crush margin more than offset the prior week’s nine percent decline, climbing nearly 11 percent this week as revenue streams approached multi-year highs. The value received from oil and meal sales per bushel of soybeans crushed held increased from $11.22 per bushel to $11.84, while the price of soybeans moved 47 cents higher to $10.31 per bushel. The margin expanded 11 percent to $1.53 per bushel, a three-week high.
The recent rally in commodity prices shows soybean prices to be 19 percent above values from a year ago, soybean oil values are 20 percent higher, and meal prices up 11 compared to a year ago. Despite the recent run-up in meal and oil pricing, the crush margin is 10 percent below levels seen on September 19, 2019.
The National Oilseed Processors Association (NOPA) reported the US soybean crush reached a nine-month…
12.26.2024
East Coast renewable diesel supplies likely to decline: EIA
Renewable diesel supplies on the US East Coast could be cut in half starting in January as the Clean Fuel Production Credit (CFPC) replaces the expiring Blender’s Tax Credit,...
12.26.2024
US animal fats and oils markets mostly stable, with movement only in CWG
The US animal fats and oils markets were largely steady on Thursday December 26 amid limited trade activity due to the Christmas holiday.
The only notable activity observed...
12.26.2024
Avian flu spikes in poultry, cattle sector at end of 2024
US animal protein prices were steady on Thursday December 26, with limited volumes reported to have been traded.
US avian flu update
Year-to-date US poultry headcounts affected by...