The USDA decreased soybean crushing estimates for the 2015/16 crop year in their latest WASDE release. Today, crushing expectations were reduced by 10 million bushels to 1.87 billion bushels. The bushels diverted from crushing activity were reflected as an increase to ending stocks. Ending stocks are now projected at 460 million bushels; up 10 million from February.
Lower expected crushing activity reduced…
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...