Weekly Recap
Soybean futures finished last week 1.43% higher, ending five continuous weeks of lower prices on a weekly basis. Futures increased 13.5 cents to $9.55½ per bushel, easily offsetting the 4-cent loss over the prior week. Export sales fell 17% week over week for the old crop season and 40% for the combined seasons. Old crop sales…
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...