The recent strength in U.S. soyoil and soymeal prices has helped push “board” crush margin (i.e., the margin implied or calculated by CBOT futures contracts) to new highs with the VVX margin hitting $1.62/bushel and the HHH margins topping the $1.45 mark for the first time in over a year. The recent surge follows historically strong margins that have persisted for most of MY 2023/24. The profitability offered by the crush margin has been one major factor driving the record-high soybean crush program this year.
The U.S. soybean crush now accounts for about 54 percent of the total annual use, making examination of processing margins and how they will drive the crush sector’s demand germane for soybean demand and pri...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
