Soybean export sales for the 2016/17 marketing year dropped 3% to 471.6 TMT and were 15% less than the prior 4-week average. New crop sales totaled 225.8 TMT, lifting combined season sales to 697.4 TMT. Combined sales were up 35% from last week and exceeded analyst expectations that ranged from 400 to 600 TMT. 2016/17 export commitments are 96% of the USDA forecast with 25 weeks to go. Current sales are 23% ahead of last year’s pace. Major…
11.15.2024
October soybean crush reaches all-time monthly high; biofuel demand limits rise in soybean oil stocks
The National Oilseed Processors Association (NOPA) reported the October soybean crush at a record monthly high of 199.9592 million bushels, eclipsing the previous record of 196.406 million bushels set...
11.15.2024
UCO 2025 market clouded by China’s cancellation of export rebate
China will cancel its current 13% export tax rebate for used cooking oil (UCO), a key biofuel feedstock, effective December 1, the country’s Ministry of Finance and the State...
11.15.2024
US animal protein prices steady to firmer week on week; SBM under pressure
The US animal proteins market was steady to higher in the week to Friday November 15. Even with decreases in Chicago Board of Trade (CBOT) soybean meal futures, prices...