The estimated crush margin dropped 14 cents per bushel over the past week. This comes after dropping 15 cents the week prior. At $1.16 the estimated margin is at its lowest level in more than two years. Despite NOPA showing a slowing crush in November, the crush has been off to a strong start to begin the 2015/16 season, operating at record highs recently and keeping the supply of soybean meal high. However,…
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...