Soybean Crush Report

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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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