U.S. soybean crush profits fall more than 9% in week 45 of 2022 from previous week

WASHINGTON, Nov. 14 News: The U.S. Department of Agriculture’s weekly crush report showed that U.S. soybean crush profits fell 9.2% last week from a week earlier, the third consecutive weekly decline, but still at an all-time high.

For the week ended November 11, 2022, U.S. soybean crush profit was $4.72 per bush, compared to $5.20 a week earlier.

Illinois edamame oil trucks were quoted at 80.80 cents a pound, or $9.53 a bush; a week ago, it was 81.00 cents a pound, or $9.56 a bush.

Spot prices for 48% protein soybean meal from Illinois soybean mills are at $426.00 a short ton, or $9.90 a bush; a week ago, they were $440.00 a short ton, or $10.23 a bush.

During the same period, the average price of No. 1 yellow soybean was $14.71/bu, compared with $14.59/bu a week ago.

Note: The crushing profit in this report is for statistical comparison only, and does not indicate the actual operating profit margin of the crushing plant.