Soybean yields were raised 1.1 bushels per harvested acre, mainly on increased yields in Iowa, Illinois and Minnesota. This bumped soybean production up by 93 million bushels to a record 3.981 billion bushels. With the increase in production, the domestic crush was elevated 10 million bushels to a projected 1.89 billion in order to satisfy expected meal export demand. Exports were also raised 40 million bushels to 1.715 billion. The net result ends with ending…
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...