Trading was quiet to steady today with not a lot of action reported. A good handful of traders have already headed out for the holiday.
Choice white prices have increased through the month of June and sit at an average of $0.26125 today, giving it a spread to SBO of 2.885 cents. Over the last three years, the Mo. River CWG market has traded at an average spread, or discount, to SBO of 5.37 cents and for July 5.95 cents. It’s reasonable to expect pressure…
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...