U.S. soybean crush profits 90% higher in week 9 of 2022 than a year earlier

Foreign media March 6 news: The U.S. Department of Agriculture’s weekly crush report showed that last week’s U.S. soybean crush profit decreased by 14.82% from a week earlier, but increased by 90.5% from the same period last year.

For the week ended March 4, 2022, U.S. soybean crush profits were $3.39 per bush, compared with $3.98 per bush a week earlier and $1.78 per bush a year earlier.

Crude soybean oil trucks in central Illinois were quoted at 74.97 cents a pound, compared with 77.75 cents a pound a week ago and 53.40 cents a year earlier.

Spot prices for 48% protein soybean meal at soybean processing plants in Central Illinois were $474.90 a short ton, compared with $459.80 a short ton a week ago and $420.70 a short ton a year earlier.

During the same period, the price of No. 1 yellow soybean was US$16.56/bu, compared with US$15.95/bu a week ago, and US$14.34/bu in the same period last year.