Soybean export sales for the 2017/18 marketing year were 164.8 TMT, down 40% from last week and 14% less than the prior 4-week average. Sales for the 2018/19 crop year totaled 34.7 TMT, lifting combined sales to 199.5 TMT. Combined sales were down 81% week over week and less than analyst estimates that ranged from 400-1,000 TMT. 2017/18 export commitments are 99% of the USDA forecast with 13 weeks to…
11.15.2024
October soybean crush reaches all-time monthly high; biofuel demand limits rise in soybean oil stocks
The National Oilseed Processors Association (NOPA) reported the October soybean crush at a record monthly high of 199.9592 million bushels, eclipsing the previous record of 196.406 million bushels set...
11.15.2024
UCO 2025 market clouded by China’s cancellation of export rebate
China will cancel its current 13% export tax rebate for used cooking oil (UCO), a key biofuel feedstock, effective December 1, the country’s Ministry of Finance and the State...
11.15.2024
US animal protein prices steady to firmer week on week; SBM under pressure
The US animal proteins market was steady to higher in the week to Friday November 15. Even with decreases in Chicago Board of Trade (CBOT) soybean meal futures, prices...