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At Ag Processing's annual meeting, analysts said crush margins exceeded $3 per bushel with soybeans in the low $15s, supported by meal and oil values of $11.43 and $6.94 per bushel. Oil now represents 38% of soybean value.
Analysts said soybean meal remains the main price driver because of strong pork, poultry and egg demand.
Strong meal demand from livestock and poultry producers sustains crush activity and supports soybean meal prices for feed buyers. The commentary is a general outlook rather than a new shock.
iasoybeans.comIowa Soybean AssociationFeb 2, 2023Not 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.
