Soybean and soybean oil prices crashed with the August WASDE report issued today. Soybean prices fell more than 60 cents per bushel as soybean yields were increased, leading to a higher production outlook and stronger ending stocks for the 2015/16 crop year.
The December soybean oil futures contract hit a multi-year low of 28.79 before recovering slightly, ending the day with a 1.05 loss at 29.42 cents per pound.
10.17.2024
US DOE to guarantee nearly $3 billion in SAF loans to Gevo, Montana Renewables
The US Department of Energy’s Loan Programs Office announced on Wednesday October 16 conditional commitments for up to $2.9 billion in loans for two sustainable aviation fuel (SAF) producers.
10.17.2024
US fats and oils markets quiet amid industry event; DCO production up
The US animal fats and oils markets were quiet on Thursday October 17, with the majority of participants attending the American Fats and Oils Association (AFOA) event in Nashville.
The...
10.17.2024
US animal proteins market steady on October 17
US animal protein prices were steady on Thursday October 17, with market participants indicating a slow day for trading.
September USDA Feed Outlook
Grain consuming animal units (GCAUs)...