Soybean export sales for the 2016/17 marketing year fell 38% to 228 TMT and were 19% less than the prior 4-week average of 282.3 TMT. New crop sales totaled 455 TMT, up dramatically week over week and lifting combined season sales to 683 TMT. Combined crop year sales were up 56% from last week and exceeded analyst expectations that ranged from 250 to 600 TMT. 2016/17 export commitments are 105% of the USDA forecast with 8 weeks to go. Current…
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...