U.S. soybean crush profits 210% higher in week 2 of 2022 than a year earlier

WASHINGTON, Jan. 16 News: The U.S. Department of Agriculture’s weekly crush report showed that U.S. soybean crush profits rose 13.4% last week from a week earlier and 209.7% higher than the same period last year.

For the week ended January 13, 2022, U.S. soybean crush profit was $4.15 per bush, compared to $3.66 per bush a week earlier and $1.34 per bush a year earlier.

Crude soybean oil trucks in central Illinois were quoted at 67.62 cents a pound, compared with 61.83 cents a pound a week ago and 42.74 cents a pound a year earlier.

Spot prices for 48% protein soybean meal from soybean processors in Central Illinois were $431.10 a short ton, compared with $439.15 a short ton a week ago and $462.25 a short ton a year earlier.

During the same period, the price of No. 1 yellow soybean was $13.91/bu, $13.90/bu a week ago, and $14.48/bu in the same period last year.