July Soybean futures moved lower for the second consecutive week, with Aug futures declining by 17¼ cents per bushel and Sep by 18¼. According to NOPA, the June crush came in at a record high for the month, 142.473 million bushels crushed, up 20% from last year, but down 4% from last month. Soybean exports increased 128% from the previous week on the back of strong new crop demand. Old crop shipments…
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...