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On average, one unit of soybeans produces 80% soybean meal, 18.3% soybean oil, and 1.7% waste, though growing conditions affect oil yields. [2] To calculate the crush margin of one unit of soybeans, take the % value of the soybean meal and oil futures (e.g., in CNY/metric ton purchased on the Dalian Commodity Exchange) and subtract the value of the soybeans (e.g., in USD/bushel purchased on ...
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The soybean checkoff is a congressionally-mandated assessment on soybeans, whose proceeds are used to fund soybean research and promotion efforts. The checkoff is managed by the United Soybean Board under the supervision of the United States Department of Agriculture Agricultural Marketing Service. In 2014, the checkoff was $109.1 million. [1]
Corn prices are down about 3% today at about $7.16 a bushel, while wheat is down 2.9% at around $8.60 a bushel and soybeans are price around $14.10 a bushel.
The international market price of wheat doubled from February 2007 to February 2008 hitting a record high of over US$10 a bushel. [92] Rice prices also reached ten-year highs. In some nations, milk and meat prices more than doubled, while soy (which hit a 34-year high price in December 2007 [93]) and maize prices have increased dramatically.
An early harvest for corn and soybean producers is never a good sign, especially in today's age of modern genetics where crops are designed to grow for as many days as possible. ... "The bushel ...
The imperial bushel established by the Weights and Measures Act of 1824 described the bushel as the volume of 80 avoirdupois pounds of distilled water in air at 62 °F (17 °C) [citation needed] or 8 imperial gallons. [1] This is the bushel in some use in the United Kingdom. Thus, there is no distinction between liquid and dry measure in the ...
Test weight refers to the average weight of a cereal as measured in pounds per bushel (1bu. = 8 gallons or 2150.42 cu. inches). Test weight is an important predictor of milling yield for rice and flour extraction rate for wheat. USDA’s official weight per bushel for the highest grade for major cereals and oilseeds include: wheat and soybeans ...