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Barchart columnist Andrew Hecht says the soybean crush spread reached a multi-year high, with the crush near $2.48 on December 23. Nearby soybean futures were just under $15 per bushel on December 26, and soybean oil was near 66 cents.
Hecht compares the crush spread to crude oil crack spreads as a demand indicator.
A strong crush margin signals robust processing demand and supports soybean prices, which feeds into meal costs. Feed buyers should expect firm oilseed values while margins stay high.
barchart.comAndrew HechtDec 26, 2022Not 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.
