U.S. soybean crush profits fall by more than 15% year-on-year in week 28 of 2022

Washington, July 10 News: The U.S. Department of Agriculture’s weekly crush report showed that the U.S. soybean crush profit decreased by 12.25% last week from a week ago and decreased by 15.06% from the same period last year.

For the week ended July 8, 2022, U.S. soybean crush profits were $2.65 per bush, compared with $3.02 per bush a week earlier and $3.12 per bush a year earlier.

Crude soybean oil trucks in central Illinois were quoted at 68.57 cents a pound, compared with 69.51 cents a pound a week ago and 71.12 cents a year earlier.

Spot prices for 48% protein soybean meal at soybean processing plants in Central Illinois were $471.35 per short ton, compared with $478.70 per short ton a week ago and $362.10 per short ton a year earlier.

In the same period, the price of No. 1 yellow soybean was US$16.46/bu, compared with US$16.37/bu a week ago, and US$13.74/bu in the same period last year.