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…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...