60 LBS OF BEANS IN A BUSHEL ABOUT 44 LBS OF MEAL ABOUT 11 LBS OF OIL About 5 lbs of waste
IF THE PRICE OF MEAL IS $440/TON AND THE PRICE OF OIL IS $.37/LB THEN THE VALUE OF THE PRODUCT IS $440/2000 * 44 = 9.68+ $.37 * 11 = 4.07 = 13.75 If the price of soybeans is $12.21/bu The crushing margin is $ 1.54/bu
World Soybean Production 2007 Million Bushels Million Metric Tons.. United States2,58570.4 Brazil2,24161.0 Argentina1,72747.0 China52514.3 India3429.3 Paraguay2577.0 Canada992.7 Other3018.2.. Total8,077.219.8..
Soybean Production and Trade Brazil and Argentina
Factors that have influenced soybean production and trade in South America