The value of a bushel of soybeans is directly related to the combined value of the oil and protein provided. The percent oil in soybeans is directly related to the pounds of oil produced by a bushel of soybeans. It is also directly related to the pounds of meal produced per bushel. Percent crude protein in soybeans is directly related to the level of crude protein in the meal that is produced. If commodity soybean meal does not contain a defined minimum level of protein, it is subject to discounts.
There is a tendency for crude protein and oil to be inversely related, that is as one increases in level, the other goes down. Differences in soybean composition represent potential opportunities for not only progressive value-chain segments, but the entire U.S. soy industry.
Samples Provided by USDA-NASS for Crop Year 2008
Note: For table with individual district values click here.