# US soy crush margins soar, set to remain high | Latest Market News

> US soybean crush margins on the CBOT surged to $3.76/bu on 5 May from $2.11/bu in late February, well above the 2021-25 average of $1.51/bu. Soybean oil and meal gains outpaced soybean futures, and US crushing reached 92% of capacity in March. Argus expects margins to stay elevated because plant capacity is nearly full.

- Date: 2024-03-25 · published 2024-03-25T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/15226-us-soy-crush-margins-soar-set-to-remain-high-latest-market-news
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

With crushers near capacity, extra oil and meal output is limited, so strong oil and meal prices keep margins high while soybean prices rise less. Higher energy costs from the Middle East war and biofuel policy support soybean oil demand.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- SOY: bullish ▲

## Sources

- argusmedia.com: https://www.argusmedia.com/en/news-and-insights/latest-market-news/2824915-us-soy-crush-margins-soar-set-to-remain-high

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.