
Another item that would support very strong crush going forward, not only the export of product but the fact that soybean crush margins.
Nearby crush margin added $2.17, we are sitting at near record large crush margin and even though soybeans are above the $16 mark and approaching $17 at times, very strong product prices for oil are allowing soybean crush margins to remain at near record levels.
In fact, this is a board crush margin, and we are hearing that cash crush margins are remaining around the $3 per bushel level and therefore there is no incentive to slow down crush.
In fact, there is all the reasons to continue to crush as aggressively as possible.