Soybean Complex Price & Value Update – Nov ’21
Oct ’21 CME Soybean Prices Declined to an 11 Month Low Level but Remained Elevated
Oct ’21 CME Soybean Prices Declined 1.6% MOM but Remained 17.0% Higher YOY
Oct ’21 CME Soybean Meal Prices Rebounded From the Previous Month’s 13 Month Low
Oct ’21 CME Soybean Meal Prices Increased 2.0% MOM But Remained 12.2% Lower YOY
Oct ’21 CME Soybean Oil Prices Rebounded From the Previous Month’s Six Month Low
Oct ’21 CME Soybean Oil Prices Increased 4.2% MOM While Finishing 82.3% Higher YOY
The Oct ’21 Oil Percentage of Crush Value of 47.9% Remained Near Recent 15 Year Highs
Oct ’21 Meal + Oil Prices Finished at a $14.06/bu Eq, Compared to a Bean Price of $12.36
Oct ’21 Soybean Board Crush Reached a Three Year High Level
Oct ’21 Soybean Board Crush Increased 56.9% MOM While Finishing 16.3% Higher YOY