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Soybean crush margins were estimated at $2.08 per bushel as of October 13, above the long-run average of $1.46. The meal share of soybean value fell to 54% in October from 65% earlier in 2021 as oil's share rose.
Strong crush margins encourage processors to crush more beans, increasing meal output and pressuring meal prices, while rising oil value shifts the economics toward soybean oil demand.
southernagtoday.orgAaron SmithOct 25, 2021Not 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.
