New USDA Monthly WASDE Report Released

New USDA Monthly WASDE Report Released

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.

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03.27.2024

Illinois Legislation Aims to Create a Clean Transportation Standard

Illinois Legislation Aims to Create a Clean Transportation Standard

Illinois is looking to become the fifth sate to create a clean fuel transportation standard. The Illinois version, if passed, may not be as robust as the ones...

03.27.2024

Sellers see steady to higher prices on interior market trades

Sellers see steady to higher prices on interior market trades

Distiller’s corn oil (DCO) traded higher into the Manly, IA market today, topping out at a high of 47.75 cents lb. Trading into the Gulf and on an FOB...

03.27.2024

Aprill broiler slaughter forecasted below 2023

Aprill broiler slaughter forecasted below 2023

The proximity of the extended Easter holiday weekend kept some participants off the market at mid-week, leaving values generally steady.

Poultry by-product pet grade was reported lower in...

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