Lower soybean oil market helps to push Gulf values lower
Prices moved lower into the US Gulf market on what was otherwise a quiet trading day.
Hog slaughter...
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Soybean oil percentage share of crush increased last week, BOHO lower, glycerin prices falling
During the past week, soybean oil prices increased relative to meal and soybean values, allowing soybean oil to capture a large percentage share of crush relative to meal. Soybean oil prices ended the week at 48.89 cents per pound, 2% higher than the week prior. Soybean and soybean meal prices closed one percent lower. This allowed soybean oil to capture 42.3% of the crush value at week’s end.
Over the past year soybean oil’s share of the crush has ranged betwe...
