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In the week to January 24, the Central Illinois soybean crush margin rose 14% week on week to $2.16 per bushel, according to USDA's weekly co-products report. Soybean meal prices climbed 7% to $320.90 per short ton while soybean oil fell 0.5% to 44.54 cents per pound.
A wider crush margin encourages processors to run plants harder, producing more meal and supporting meal supply, while firmer meal prices benefit feed buyers' cost picture.
thejacobsen.comAlexandra WattsJan 27, 2025Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
