U.S. soybean crush profits 12% lower in week 21 of 2022 from a year earlier

WASHINGTON, May 29 News: The U.S. Department of Agriculture’s weekly crush report showed that U.S. soybean crush profits fell 11.4% last week from a week earlier and 11.7% less than the same period last year.

For the week ended May 13, 2022, U.S. soybean crush profits were $3.95 per bush, compared with $4.31 per bush a week earlier and $2.49 per bush a year earlier.

Crude soybean oil trucks in central Illinois were quoted at 83.40 cents a pound, compared with 84.76 cents a pound a week ago and 77.69 cents a year earlier.

The spot price for 48% protein soybean meal at soybean processing plants in Central Illinois was $451.30 per short ton, compared with $448.90 per short ton a week ago and $390.30 per short ton a year earlier.

During the same period, the price of No. 1 yellow soybean was $17.83/bu, $17.60/bu a week ago, and $15.39/bu in the same period last year.