The estimated crush margin improved for a third straight week in Central Il, jumping 14.5 percent and reaching a 28-week high. The value received from oil and meal sales per bushel of soybeans crushed increased from $11.56 per bushel to $11.99 while soybean prices gained 20 cents, closing at $10.20 per bushel. This allowed the margin to expand 23 cents to $1.79 per bushel.
Soybean, meal and soybean oil prices remain well supported relative to last year. Soybean prices are 14 percent above last year’s value, soybean oil is 11 percent stronger, and meal prices up 12 percent. The crush margin is on par with what was seen October 3, 2019.
The US Department of Agriculture’s (USDA) August crush data was in line with expectations from the data previously released by the National Oilseed Processors Association (NOPA). Per the USDA,…
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