ARE YOU MISSING OUT ON SOYBEAN TRADING OPPORTUNITIES?

This is the second article of a series designed to help you maximize trading opportunities in the Soybean complex.


Soybean crush components from front-month futures prices

Soybean crush components from front-month futures prices
Source: CME Group

The total margin for crushing one bushel of soybeans is $5.30 + $7.83 = $13.13. A market participant evaluating soybean oil prices compared to soybean meal prices would say that the oil share of the crush margin at these prices isis $5.30 / $13.13 = 40.36 percent. That is, soybean oil currently makes up 40.36 percent of the crush margin.

The front-month Soybean Oil futures share of the soybean crush margin has experienced significant volatility in recent years, which explains why you have been seeing the term oil share in the agricultural press.

Oil share from front-month futures prices

Oil share from front-month futures prices
Source: CME Group

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Fred Seamon
Fred Seamon
Fred Seamon

is the Executive Director of Agricultural Research and Product Development at CME Group.

All examples in this report are hypothetical interpretations of situations and are used for explanation purposes only. The views in this report reflect solely those of the author and not necessarily those of CME Group or its affiliated institutions. This report and the information herein should not be considered investment advice or the results of actual market experience.

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