# Soybean Crush Margins Continue to Drop - The Jacobsen

> DDGS prices fell across the board on March 25 as demand slowed. Buyers had locked in meal at -35 to -30 basis, weighing on the DDG market. Plants were tight on feed ahead of shutdown season, while most CME grains rose, with May soybeans up 16.75 cents to $12.09/bu.

- Date: 2024-03-25 · published 2024-03-25T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/31252-soybean-crush-margins-continue-to-drop-the-jacobsen
- Commodities: [DDGS](https://feedsoft.ai/c/DDGS.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Softer DDGS prices lower the cost of a substitute feed for corn and meal buyers, but the lock-in of meal and approaching plant shutdowns limit the downside. Soymeal's gain and firmer soybeans leave the broader complex mixed.

## Read by commodity

- SBM: neutral
- DDGS: bearish ▼

## Sources

- thejacobsen.com: https://thejacobsen.com/2024/03/25/soybean-crush-margins-continue-to-drop/

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