The estimated crush margin stretched higher on a weekly basis in Central IL, as both soybean oil and soybean meal prices reached multi-year highs. Soybean oil prices are trading at levels last seen 2014. The value received from oil and meal sales per bushel of soybeans crushed advanced from $13.36 per bushel to $14.06, easily outpacing the four percent climb in soybean prices that lifted values from $11.67 to $12.11 per bushel. This allowed the margin to expand 16 cents to $1.95 per bushel, 26 percent above the margin from this time last year.
Soybean, soybean meal and soybean oil prices continue to remain well supported relative to last year. Strong cash market gains and export demand have pushed soybean prices to levels not seen since 2014. Soybean prices are 29 percent over last year’s value, soybean oil is 22 percent stronger, and meal prices are up…
05.07.2024
Singapore Airlines Group orders SAF from Neste ahead of mandate
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SIA...
05.07.2024
Animal fats prices to US Gulf jump on growing demand
Choice white grease prices went up in FOB markets on Tuesday, with trading done in a range of 37.5-39.5 cents per lb FOB Missouri River. Prices were boosted by...
05.07.2024
Feathermeal, ruminant bloodmeal prices lower; March IE MM well above 3-year average
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Fastmarkets...