There is a bifurcation in the ag space that has created the haves and have nots. There are service providers focused on the restaurant space, who are suffering and those who are focused on the retail space who are outperforming. Approximately 50% of the farms in the United States send their products to restaurants, schools, and sports arenas. Very few have been quickly able to change their supply change to take advantage of the demand at the retail supermarket level. The…
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...