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.
11.20.2024
Biodiesel supply tightens heading into the new year
Producers, blenders and fuel suppliers are reporting a slowdown in trading this week. A Fastmarkets survey of participants showed that overall sentiment has the market slowing ahead of...
11.20.2024
California UCO prices climb; DCO production eases slightly from record high
US animal fats and oils prices showed mixed trends on Wednesday November 20, with most market activity concentrated in the Gulf and West Coasts.
11.20.2024
US animal proteins steady; avian flu in birds increases in fourth quarter
US animal protein prices were steady on Wednesday November 20. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving weekend starting on Thursday...