Weekly Export Sales
Soybean export sales dropped 67% to 224.6 TMT from the previous week but were within analyst expectations that ranged from 100 to 300 TMT. Old crop sales fell 60% to 136.6 TMT and were 54% lower than the prior 4-week average. New crop sales were down 75% at 88 TMT. Accumulated old crop export commitments are 101% of forecast with 16 weeks to go….
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...