The crush margin in Central Illinois experienced an impressive leap during the week of June 30th, jumping by 56.6 percent compared to the week prior. When compared to the corresponding week of 2022, this value represents a 3.2 percent year-over-year growth. Last week, soy meal prices climbed to $427.87 per bushel, a 2 percent increase on the previous week, while soybean prices took a dip of 1.7 percent from $15.01 to $14.75/lb. Soybean oil, however, witnessed a surge of 9.2 percent, rising from $61.42 to $67.09/lb. The varied values on soy led to a $1.12 increase in the margin from $1.99 to $3.11. In addition to this, the current margin stands $0.96 above the 6-week average of $2.16, an indicator of the elevated values at the end of June.
…
01.14.2025
EIA raises US renewable diesel output forecast for 2024-25, lowers 2025 biodiesel production outlook
The US Energy Information Administration (EIA) raised its 2024 forecast for the production of renewable diesel (RD) in the US while maintaining its 2024 biodiesel output estimate in its...
01.14.2025
DCO tracks soybean oil prices higher; fats markets unchanged
Market activity for US animal fats and oils was relatively subdued on Tuesday January 14, though sources noted a bullish sentiment in the market.
01.14.2025
USDA raises 2024/25 forecast for GCAU count, lowers feed grain use estimate
Most US animal protein prices were flat to up day on day on Tuesday January 14. Animal protein products were slow to start the week, with light volumes traded,...