GX_GR211
Springfield, IL     Thu, Aug 22, 2019     USDA-IL Dept of Ag Market News
***CORRECTION ON THE AUG 22 SOYBEAN PRICE***
Soybean prices compared with value of oil and meal
                                      This week     Last week      Last year
                            Unit     Aug 22, 2019   Aug 16, 2019   Aug 24, 2018
Soybean oil, crude
tank cars & trucks
Central IL.                 ›/lb            28.67         29.30         27.78

Oil yield per
bushel crushed              lb              11.88         11.88         11.88

Value from bushel
of soybeans                 $                3.41          3.48          3.30

48% Soybean Meal
unrestricted, bulk
Central IL.                 $/ton          295.70        294.80        322.70

Meal yield per
bushel crushed              lbs             46.50         46.50         46.50

Value from bushel
of soybeans                 $                6.88          6.85          7.50

Value of oil and
meal from bushel
of soybeans                 $               10.28         10.33         10.80

No. 1 Yellow Soybeans
truck price Central
IL. points                  $/bu         ****8.55***       8.56          8.09

Difference between
soybean price & value
of oil & meal               $                1.73          1.78          2.71


Estimated Processing
Value (EPV)                 $/bu            10.19         10.23         10.73




This table is presented for statistical comparison and is not intended to
indicate operating margins.

Source: USDA-IL Dept of Ag Market News Service, Springfield, IL
        David Humphreys  217-782-4925  SpringField.LPGMN@ams.usda.gov
        In state only toll free 888-458-4787
        www.ams.usda.gov/mnreports/gx_gr211.txt
        www.ams.usda.gov/LPSMarketNewsPage

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