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Pricing Soybeans on the Basis of Oil and Protein Content

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  • Updaw, Nelson J.
  • Bullock, J. Bruce
  • Nichols, T. E.

Abstract

Demand for soybeans consists of the derived demand for its use as an input in the production of soybean oil and meal. The marginal value product of any bushel is determined by its oil and protein content and the price of oil and meal. Until recently, traders have been forced to estimate the value of soybeans through a grading scheme based on visual inspection and measured moisture content. Instruments that provide a quick and accurate measurement of the protein and oil content of soybeans and other grains are becoming available. Their use will allow purchasers to adjust the price paid for soybeans that do not possess average protein and oil contents.The purpose of this paper is to report the development of a system of discounts and premiums that would complement the use of these new instruments in the pricing of soybeans.

Suggested Citation

  • Updaw, Nelson J. & Bullock, J. Bruce & Nichols, T. E., 1976. "Pricing Soybeans on the Basis of Oil and Protein Content," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 8(2), pages 129-132, December.
    • Handle: RePEc:cup:jagaec:v:8:y:1976:i:02:p:129-132_01
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    Cited by:

    1. Richey, Bobby Gene, Jr., 1986. "The effect of component pricing on the United States soybean industry," ISU General Staff Papers 1986010108000018101, Iowa State University, Department of Economics.
    2. William, Wilson & Dahl, Bruce & Hertsgaard, David, 2020. "Soybean quality differentials, blending, testing and spatial arbitrage," Journal of Commodity Markets, Elsevier, vol. 18(C).
    3. Manuey, Sean & Brorsen, B. Wade & Akridge, Jay T., 1991. "A Component Pricing System For Pork," 1991 Annual Meeting, August 4-7, Manhattan, Kansas 271067, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    4. Ramesh, Nandini, 2002. "Contract design in soybean production," ISU General Staff Papers 2002010108000018191, Iowa State University, Department of Economics.

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