USDA released their monthly WASDE report. Estimated soybean crushing for the 2014/15 crop year was boosted by 15 million bushels to 1.83 billion, exports were increased by 15 million bushels to 1.825 b, and ending stocks were decreased by 75 million bushels to 255. For the upcoming 2015/16 season, crushing activity was increased by 10 million bushels, pushing it to 1.84 billion and ending stocks were reduced by 50 million to 425 million bushels. For soybean oil, use of soybean oil by the biodiesel industry was increased by 100 million pounds to 5 billion pounds for the 2014/15 season. Biodiesel use of soybean oil was also increased by another 100 million pounds in the 2015/16 season to 5.1 billion pounds.
12.24.2024
Animal fats, oils markets quiet amid Christmas holiday
The US animal fats and oils markets remained steady on Tuesday December 24, amid limited trading due to the Christmas holidays.
Market sources expected activity to remain subdued...
12.24.2024
US November broiler, turkey slaughter down year on year
US animal protein prices were steady on Tuesday December 24, with limited volumes reported to have been traded. With the proximity of the end-of-year holidays, most market participants are...
12.24.2024
US weekly soybean, wheat export inspections rise, corn falls
Weekly export inspections
Export inspections of US grains showed a decline for corn but an increase for soybean and wheat in the week to December 19, according to data...