# Central Illinois soybean, soymeal prices hit 1-month high: USDA - The Jacobsen

> The USDA National Weekly Grain Co-Products Report showed Central Illinois soybean meal at a one-month high of $361.58 per short ton and soybeans at $10.46 per bushel in the week to September 27. Soybean oil rose to 43.90 cents per lb, lifting the crush margin to $3.13 per bushel.

- Date: 2024-09-30 · published 2024-09-30T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/28380-central-illinois-soybean-soymeal-prices-hit-1-month-high-usda-the-jacobsen
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Higher cash soybean and meal prices with a wider crush margin signal firmer processor demand for soybeans, supporting meal values for feed buyers. Oil-led margin strength could keep crushers running, tightening meal availability.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-05-01 | [Soybean Crush Report - The Jacobsen](https://feedsoft.ai/events/53216-soybean-crush-report-the-jacobsen.md) | -1.0% | -1.1% |
| SOY | 2020-01-20 | [Soybean: Prices on the rise in the new season \| CLAL News](https://feedsoft.ai/events/55116-soybean-prices-on-the-rise-in-the-new-season-clal-news.md) | -3.5% | -4.0% |
| SOY | 2017-01-01 | [USDA Reports Provide Support to Soybean Prices](https://feedsoft.ai/events/72939-usda-reports-provide-support-to-soybean-prices.md) | 0.0% | +2.8% |
| SOY | 2020-11-03 | [Grains, oilseeds prices six-year high: IGC - Grain Central](https://feedsoft.ai/events/50192-grains-oilseeds-prices-six-year-high-igc-grain-central.md) | +5.2% | +10.6% |
| SOY | 2018-03-30 | [The soybean market is shocked by the USDA report](https://feedsoft.ai/events/66080-the-soybean-market-is-shocked-by-the-usda-report.md) | -1.1% | +0.0% |
| SBM | 2020-05-01 | [Soybean Crush Report - The Jacobsen](https://feedsoft.ai/events/53216-soybean-crush-report-the-jacobsen.md) | -2.1% | -2.2% |
| SBM | 2020-01-20 | [Soybean: Prices on the rise in the new season \| CLAL News](https://feedsoft.ai/events/55116-soybean-prices-on-the-rise-in-the-new-season-clal-news.md) | -0.9% | -2.8% |
| SBM | 2026-09-16 | [SunSirs: NOPA Monthly Report and Arbitrage Factors Drive Soybean Meal Prices Higher](https://feedsoft.ai/events/10672-sunsirs-nopa-monthly-report-and-arbitrage-factors-drive-soybean-meal-prices.md) | +2.5% | +4.2% |

## Sources

- thejacobsen.com: https://thejacobsen.com/2024/09/30/central-illinois-soybean-soymeal-prices-hit-1-month-high-usda/

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