In the week to Friday October 4, the soybean crush margin in Central Illinois increased by 14.1% week on week, reaching a 10-month high, and was up by 16.9% year on year, according to the USDA’s National Weekly Grain Co-Products Report released on Monday October 7.
In the week to Friday, soybean meal prices climbed to a two-month high of $370.18 per short ton, up by 2.4% week on week from $361.58 per ton but down by 2.8% year on year.
Soybean prices fell to $10.41 per bushel, down by 0.5% week on week from $10.46 per bu and down by 17.7% from a year earlier.
Soybean oil prices rose to 45.53 cents per lb, up by 3.7% week on week from 43.90 cents per lb but down by 21.5% year on year.
The increase for soybean oil and meal prices led to a crush margin of $3.57 per bu, up by 62 cents per bu from the prior six-week average of $2.95 per bu.
Market update
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