May Soybean futures finished last week fractionally lower (25 hundreds of a cent) after falling 11 cents the prior week. Soybean export activity rebounded and was up 75% for the week, yet still 16% lower then the prior 4-week average. Soybean export commitments are 99% of forecast with 24 weeks to go, which is well above the five-year average of 95% average seen at this time of the year. Cash prices…
11.15.2024
October soybean crush reaches all-time monthly high; biofuel demand limits rise in soybean oil stocks
The National Oilseed Processors Association (NOPA) reported the October soybean crush at a record monthly high of 199.9592 million bushels, eclipsing the previous record of 196.406 million bushels set...
11.15.2024
UCO 2025 market clouded by China’s cancellation of export rebate
China will cancel its current 13% export tax rebate for used cooking oil (UCO), a key biofuel feedstock, effective December 1, the country’s Ministry of Finance and the State...
11.15.2024
US animal protein prices steady to firmer week on week; SBM under pressure
The US animal proteins market was steady to higher in the week to Friday November 15. Even with decreases in Chicago Board of Trade (CBOT) soybean meal futures, prices...