The soybean crush margin in Central Illinois increased to a one-month high, up by 9.9% week on week but down by 13% year on year, in the week to Friday September 20, according to the National Weekly Grain Co-Products Report released by the USDA on Monday September 23.
In the week to Friday, soybean meal prices rose to $353.03 per short ton, up by 0.9% week on week from $349.88 per ton but down by 12.8% year on year.
Soybean prices dropped to $10.20 per bushel, down by 0.4% week on week from $10.24 per bu and by 23.6% from the previous year.
The price of soybean oil jumped to 43.25 cents per lb, up by 3.4% week on week from 41.83 cents per lb but down by 32.1% year on year.
The increase for soybean oil and soybean meal prices led to a crush margin of $3.11 per bu, up by 36 cents per bu from the prior six-week average of $2.75 per bu.
Market update
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