U.S. soybean crush profit rises 13% in week 42 of 2022 from previous week

WASHINGTON, Oct. 24: The U.S. Department of Agriculture’s weekly crush report showed that U.S. soybean crush profits rose 13.1 percent last week from a week earlier.

For the week ended October 21, 2022, U.S. soybean crush profit was $5.60 per bush, compared to $4.95 per bush a week earlier.

Illinois edamame trucks were quoted at 75.33 cents a pound, or $8.89 a bush; a week ago, it was 69.13 cents a pound, or $8.16 a bush.

Spot prices for 48% protein soybean meal at Illinois soybean mills were $457.50 a short ton, or $10.64 a bushel, compared with $461.18 a short ton, or $10.72 a bushel a week ago.

During the same period, the average price of No. 1 soybean was US$13.93 per bush, which was the same as a week ago.