Soybean Crush Margin Tops $4.00 – 01/14/2022
The central Illinois soybean crush margin has exceeded the past 30 year highs this week averaging more than $4/bushel. Strong demand for both soybean meal and oil have supported the crush margin. The soybean crop development in South America will remain the dominant force in the soybean market over the next six weeks. The wide crush margin will be a supporting force and will likely result in a boost to USDA’s 2021/2022 crop year crush total forecast this spring and summer.