The estimated crush margin fell 1.4% or 3 cents per bushel over the past week. Higher soybean prices and weaker soybean oil values more than offset a slight increase in the value received from soybean meal sales. The value of soybean oil and meal per bushel of beans crushed rose 11 cents per bushel, while the cost of soybeans increased 14 cents. This moved the estimated crush margin from $2.42 per bushel to $2.39.
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05.07.2024
Singapore Airlines Group orders SAF from Neste ahead of mandate
The Singapore Airlines Group (SIA) will be the first to receive sustainable aviation fuel (SAF) from Neste’s expanded Singapore refinery, the companies announced on Monday May 6.
SIA...
05.07.2024
Animal fats prices to US Gulf jump on growing demand
Choice white grease prices went up in FOB markets on Tuesday, with trading done in a range of 37.5-39.5 cents per lb FOB Missouri River. Prices were boosted by...
05.07.2024
Feathermeal, ruminant bloodmeal prices lower; March IE MM well above 3-year average
US domestic feathermeal prices were lower in all six regions on Tuesday May 7, with reports of buyer pushback due to excess inventory levels in the market.
Fastmarkets...