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US soybean board crush margins reached new highs, with the VVX margin at $1.62 per bushel and the HHH margin above $1.45. Strength in soyoil and soymeal drove the gains, following strong margins through most of the 2023/24 marketing year.
The crush now accounts for about 54% of total US soybean use.
High crush margins encourage processors to run plants harder, which supports soybean demand and prices. Strong soyoil values also bolster the crush economics.
worldperspectives.comFlowerpress Creative StudioOct 4, 2024Not 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.
