U.S. soybean crush profit in week 44 of 2022 down 1.7% from previous week

WASHINGTON, Nov. 7 News: The U.S. Department of Agriculture’s weekly crush report showed that U.S. soybean crush profits fell 1.7% last week from a week earlier, but were still at an all-time high.

For the week ended November 4, 2022, U.S. soybean crush profit was $5.20 per bush, compared to $5.29 per bush a week earlier.

Illinois edamame oil trucks were quoted at 81.00 cents a pound, or $9.56 a bush; a week ago, it was 75.79 cents a pound, or $8.94 a bush.

Spot prices for 48% protein soybean meal from Illinois soybean mills are at $440.00 a short ton, or $10.23 a bush, compared with $445.50 a short ton, or $10.36 a bush, a week ago.

During the same period, the average price of No. 1 yellow soybean was $14.59/bu, compared with $14.01/bu a week ago.