U.S. soybean crush profits 93% higher in week 12 of 2022 than a year earlier

Foreign media March 27 news: The U.S. Department of Agriculture’s weekly crush report shows that last week’s U.S. soybean crush profit increased by 5.05% from a week ago and increased by 92.68% from the same period last year.

For the week ended March 25, 2022, U.S. soybean crush profit was $3.95 per bush, compared with $3.76 per bush a week earlier and $2.05 per bush a year earlier.

Crude soybean oil trucks in central Illinois were quoted at 77.33 cents a pound, compared with 74.62 cents a pound a week ago and 60.90 cents a pound a year earlier.

Spot prices for 48% protein soybean meal at soybean processing plants in Central Illinois were $510.40 a short ton, compared with $496.5 a short ton a week ago and $393.30 a short ton a year earlier.

During the same period, the price of No. 1 yellow soybean was $17.10/bu, $16.65/bu a week ago, and $14.44/bu in the same period last year.