U.S. soybean crush profits down 14.9% in week 29 of 2022

Washington, July 17 News: The U.S. Department of Agriculture’s weekly crush report showed that last week’s U.S. soybean crush profit decreased by 9.43% from a week ago and decreased by 14.89% from the same period last year.

For the week ended July 15, 2022, U.S. soybean crush profit was $2.40 per bush, compared with $2.65 per bush a week earlier and $2.82 per bush a year earlier.

Crude soybean oil trucks in central Illinois were quoted at 67.08 cents a pound, compared with 68.57 cents a pound a week ago and 75.04 cents a pound a year earlier.

Spot prices for 48% protein soybean meal at soybean processing plants in Central Illinois were $439.00 a short ton, compared with $471.35 a short ton a week ago and $362.50 a short ton a year earlier.

During the same period, the price of No. 1 yellow soybean was $15.77/bu, $16.46/bu a week ago, and $14.52/bu in the same period last year.