higher oil rate soybean oil production line

                                               
                                               
                                               
                                               
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  • How much oil was produced from soybeans in February 2022?
  • Soybeans crushed for crude oil was 5.23 million tons (174 million bushels) in February 2022, compared with 5.83 million tons (194 million bushels) in January 2022 and 4.93 million tons (164 million bushels) in February 2021. Crude oil produced was 2.06 billion pounds down 9 percent from January 2022 but up 7 percent from February 2021.
  • What factors affect high oleic soybean prices?
  • Premiums required for High Oleic Soybeans, meal and oil will be driven by overall commodity soybean prices. Important factors include the price of competing commodities, soybean supplies as a result of crop year weather conditions, and overall soybean and oil demand.
  • How are high oleic soybeans grown?
  • High oleic soybeans are grown in coordinated closed loop supply chains involving seed suppliers, commercial soybean farmers, soybean processors and exporters. Identity preservation procedures are also implemented in the grain and oil channel between the HO soybean and oil exporter and the international customer.
  • Why are high oleic soybeans produced in IP supply chains?
  • High Oleic Soybeans are produced in Identity Preserved (IP) supply chains to avoid mixing with commodity streams, thereby preserving the higher value of the oil. For this reason, there are several supply chain management and market development factors that are different from commodity soybean or commodity soybean oil purchases.