Soybean yield per harvested acre increased by 0.5 bushels for the 2017/18 crop year, moving from 49.4 bushels per acre to 50. This bumped production/supply higher by 50 million bushels. However, there was no increase to ending stocks since exports were forecast 25 million bushels higher and beginning stocks were reduced by 25 million bushels. Crush expectations for the 2016/17 crop year were…
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...