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Central Illinois soybean prices fell to $10.13 per bushel and soybean meal to $339.70 per short ton, both near multi-year lows. Soybean oil rose 4.1% week on week to 42.30 cents per lb, while the crush margin improved to $2.76 per bushel.
Weak soymeal and soybean prices reflect ample supply and reduced crush incentives, which keeps feed protein costs low for buyers. Soyoil strength partly offsets crush economics but does not change the bearish meal outlook.
thejacobsen.comAlexandra WattsAug 26, 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.
