Bean meal prices moved lower to start the week ahead of the USDA’s production data which is expected to be released in the afternoon on Tuesday. For, beans the average estimate for total production comes in at 4.328 billion derived from a yield of 48.8 bushels per acre. 2016/17 ending stock are estimated to be 365 million with 2017/18 then expected to reach 444 million. Hedge fund traders barely changed positions in…
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...