Central Illinois soybean crush margin falls below weekly, yearly levels

Central Illinois soybean crush margin falls below weekly, yearly levels

In the week to Friday February 7, the soybean crush margin in Central Illinois decreased by 6% week on week and by 19% year on year, according to the USDA’s National Weekly Grain Co-Products Report released on Monday February 10.

In the week to Friday, soybean meal prices rose to $310.50 per short ton, up by 0.1% week on week from $310.30 per ton, but down by 16% year on year.

Soybean prices increased to $10.52 per bushel, up by 1.2% week on week from $10.40 per bu, but down by 12% from a year earlier.

Soybean oil prices dropped to 44.40 cents per lb, down by 0.2% week on week from 44.48 cents per lb and by 9% year on year.

The decline in soybean oil prices led to a crush margin of $1.94 per bu, down by 15 cents per bu compared with the six-week average of $2.09 per bu.

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