Relative Value of the Soybean Crush
posted by Jing Tang on Monday, April 1, 2024
Soybean oil prices increased almost three times more in the summertime of 2021 compared to prices before 2021. Soybean meal price rose back to $493 per ton at the end of 2023, then fell back to $374 per ton in March 2024. Historically, a little over two thirds of the total value of soybean crush products came from soybean meal and the remaining one third came from soybean oil.
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