05.02.2024
UCO, heating oil spread widens
Yellow grease traded as low as 34 cents per lb delivered Carolinas on Thursday May 2, with additional volume heard at 36 cents per lb. Despite the decrease, offers...
Tore Alden
USDA is scheduled to release its February WASDE report Thursday at 11 a.m. (CT). Analysts’ projections for 2017/18 US soybean ending stocks range from 460 million bushels to 535 million with an average of 486 million. If the average is realized, it would represent a 16-million-bushel increase from USDA’s January projection of 470 million bushels. The anticipated increase in US ending stocks is likely being…