The estimated crush margin fell for the third consecutive week, dropping 1.12% or 3 cents to $2.31 per bushel. Rising soybean costs outpaced a combination of lower soybean meal values and higher soybean oil values. Over the past week soybean prices in Central IL, rose 4 cents per bushel while the value received from soybean meal and oil, per bushel of beans crushed, only climbed a penny.
Soybean oil prices…
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,...