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Soybean Oil Price, Share of Crush Value


Meanwhile usage is growing even faster resulting in total global vegoil stocks this year at 21.66 million metric tons (mmt), about the lowest in ten years with the stock to use ratio at 10.4%, the lowest here since the 2010/11 season.

This has resulted in soybean oil increasingly taking on a larger share of the combined soybean crush value compared to its co-product soybean meal.

This graphic shows the cumulative percent distribution of central Illinois soybean oil percent of crush value 2000-2021.

The cumulative distribution chart shows the percent of time soybean oil’s share of the weekly central Illinois soybean crush margin as reported by the USDA-AMS division has traded above or below a certain level.

The chart shows that 25% of time since 2000 the central Illinois soyoil % of crush margin has been at or below 31.5%, 50% at or below 34.5% and 75% of time since 2000 the central Illinois soybean oil percent of crush value has been at or below 39.8% or just 25% of the time has it exceeded 39.8%.

We note that the latest report pegs the share at 38.8%, highest since 4/26/2012.

Back then the cash central IL soybean oil price was 54.75 cents per pound vs. 52.33 today.



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