Summer Weight Change Goes into Effect Tomorrow
Every year on April 1 the Price Guide is modified to reflect lighter summer weights. Tomorrow, some selections will go to “0” and it will take at least a week to build up a weekly comparison price. Reports from last week will be carried over to appropriate weight selections as applicable.
For reference, the summer weight ranges in pounds for CBS, BBS, and HNS are 57-61, 61-66, and…
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...