Soybean Complex Price & Value Update – Oct ’21
Sep ’21 CME Soybean Prices Declined to a Ten Month Low Level but Remained Elevated
Sep ’21 CME Soybean Prices Declined 3.3% MOM but Remained 22.7% Higher YOY
Sep ’21 CME Soybean Meal Prices Declined to a 13 Month Low Level
Sep ’21 CME Soybean Meal Prices Declined 5.8% MOM While Finishing 4.0% Lower YOY
Sep ’21 CME Soybean Oil Prices Declined to a Six Month Low Level but Remained Elevated
Sep ’21 CME Soybean Oil Prices Declined 1.0% MOM but Remained 76.2% Higher YOY
The Sep ’21 Oil Percentage of Crush Value of 47.4% Remained Near Recent 15 Year Highs
Sep ’21 Meal + Oil Prices Finished at a $13.64/bu Eq, Compared to a Bean Price of $12.56
Sep ’21 Soybean Board Crush Declined From the Previous Month’s Four Month High Level
Sep ’21 Soybean Board Crush Declined 6.8% MOM but Remained 19.2% Higher YOY