# US soybean crush margins slip below $3/bu | Latest Market News

> CBOT soybean crush margins fell below $3/bu on 30 June, down 31% from a record $4.18/bu in early June. Soybean oil dropped 16% from its 1 June peak as crude oil prices fell, and soybean futures slipped 3.2%. Rising tallow and used cooking oil imports also weighed on domestic feedstock demand.

- Date: 2024-03-25 · published 2024-03-25T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/15229-us-soybean-crush-margins-slip-below-3-bu-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), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Lower crude and softer soybean oil prices narrow crush margins, which reduces the incentive to crush and weakens soybean and meal prices.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- SOY: bearish ▼
- WTI: bearish ▼

## Sources

- argusmedia.com: https://www.argusmedia.com/en/news-and-insights/latest-market-news/2846745-us-soybean-crush-margins-slip-below-3-bu

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