Crush Spread
a.k.a. Soybean crush
The price gap between soybeans and the soybean oil and meal made from crushing them, a gauge of…
In plain English
The price gap between soybeans and the soybean oil and meal made from crushing them, a gauge of processors' margins.
Soybeans are 'crushed' into oil and meal. The crush spread compares the price of the beans with the value of what comes out.
Processors use it to plan and hedge; traders can trade it with futures. It is the farm-world cousin of the oil market's crack spread.
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