May Soybean futures closed higher on a weekly basis for the first time in the past five weeks. Prices posted a gain of nearly 2%, or 19 cents per bushel, and wiped out three weeks worth of loss in the process. Prices moved higher on the belief that not as many farmers will be switching corn acreage to soybeans. Old crop exports were down 95% while new crop exports were 158% higher. Overall, export activity was down…
04.18.2024
Total RFS blending falls in March, domestic biodiesel blending increases
The Environmental Protection Agency (EPA) reported 1.66 billion gallons of renewable fuel blended within the nation’s transportation fuel pool during March. Blending was six percent below February and...
04.18.2024
EU UCO premium to US continues to grow
The US animal fats and oils market was mostly quiet on Thursday April 18, with a handful of price changes reported. Choice white grease (CWG) into the Missouri River...
04.18.2024
Ruminant meat and bonemeal price pressure in most regions
Price pressure was reported on several regions for meat and bone meal, ruminant and porcine items. Market sources said buyer pushback and light demand, with exception to the pet...