U.S. soybean crush profits 123% higher in week 15 of 2022 than a year earlier

Foreign media day news: The U.S. Department of Agriculture’s weekly crush report showed that last week’s U.S. soybean crush profit increased by 9.11% from a week ago and increased by 122.9% from the same period last year.

For the week ended April 15, 2022, U.S. soybean crush profit was $4.19 per bush, compared with $3.84 per bush a week earlier and $1.88 per bush a year earlier.

Crude soybean oil trucks in central Illinois were quoted at 83.74 cents a pound, compared with 79.62 cents a pound a week ago and 58.43 cents a pound a year earlier.

The spot price for 48% protein soybean meal at soybean processing plants in Central Illinois was $481.90 per short ton, compared with $488.70 per short ton a week ago and $396.00 per short ton a year earlier.

During the same period, the price of No. 1 yellow soybean was $16.96/bu, $16.98/bu a week ago, and $14.27/bu in the same period last year.