GX_GR211
Springfield, IL Thu, Dec 23, 2010 USDA-IL Dept of Ag Market News
On Thursday, the Census Bureau reported a crush totaling 154.9 million
bushels of soybeans in November. This crush figure was lower than the October
crush of 157.2 million bushels. Soybean oil stocks were slightly higher than
last month at 3.304 billion pounds. Soybean meal stocks were above trade
expectations, but below the October figure at 484.2 thousand short tons.
Weekly export sales figures for soybeans totaled 827,800 metric tonnes.
Traders had expected a range from 700,000 to 900,000 metric tonnes. Soybean
Meal sales totaled 113,500 metric tonnes, with soybean oil sales at 21,100
metric tonnes.
Soybean prices compared with value of oil and meal
This week Last week Last year
Unit Dec 23, 2010 Dec 16, 2010 Dec 24, 2009
Soybean oil, crude
tank cars & trucks
Central IL. ¢/lb 53.41 50.80 35.26
Oil yield per
bushel crushed lb 11.31 11.31 11.47
Value from bushel
of soybeans $ 6.04 5.74 4.04
48% Soybean Meal
unrestricted, bulk
Central IL. $/ton 361.00 344.80 324.40
Meal yield per
bushel crushed lbs 43.51 43.51 43.81
Value from bushel
of soybeans $ 7.85 7.50 7.11
Value of oil and
meal from bushel
of soybeans $ 13.89 13.25 11.15
No. 1 Yellow Soybeans
truck price Central
IL. points $/bu 13.45 12.88 10.04
Difference between
soybean price & value
of oil & meal $ 0.44 0.37 1.12
Estimated Processing
Value (EPV) $/bu 14.07 14.07 10.98
Based on crushings and production of soybean meal & oil at plants reported
by Bureau of the Census for September 2010 and December 2009
This table is presented for statistical comparison and is not intended to
indicate operating margins.
Source: USDA-Illinois Dept of Ag Market News Springfield, IL
Cordell Givens, Market Reporter 217-782-4925
www.ams.usda.gov/mnreports/gx_gr211.txt
14:57 C
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Soybean Crush Report
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