Weekly Recap
August Soybean futures moved higher for the first time in five weeks, gaining 28¼ cents per bushel or 2.9%, while the Sep contract moved 22¼ cents higher or 2.33%. The bean basis in the cash market switched to changing off the November futures contract for most markets, but remained relatively stable. Soybean exports were down sharply due in…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...