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…
02.25.2025
Prices for US animal fats and oils hold steady amid pressure from outside markets
The US animal fats and oils markets held steady on Tuesday February 25, with limited new trades reported throughout the day.
Following an active trading week last week,...
02.25.2025
US weekly soybean, wheat export inspections increase; corn drops
Export inspections of US grains showed a decline for corn, but an increase for soybean and wheat in the week to Thursday February 20, according to USDA data released...
02.25.2025
US hide export shipments fall below weekly, yearly levels
US hide trading was relatively slow, with a reported trade on heavy native steers (HNS) at steady levels and a slight dip for butt branded steers (BBS). Market participants...