Higher organic soybean prices have generated interest from farmers and this has been reflected in new operations entering into the fray during the first 14-weeks of 2020. Since the end of 2019, approximately 580 new operations have notified the NOP that they were planning to farm soybeans at some point in the future. With prices in the mid-west above $20 per bushel, the future is likely the 2020/2021 harvest season.
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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...