01.29.2025
DCO prices strengthen as output, ethanol production decline on week
Prices for US animal fats and oils held steady to higher on Wednesday January 29, with much of the day's trade concentrated in the distiller’s corn oil (DCO) markets.
Soybean export sales for the 2019/20 marketing year of 244.7 thousand metric tons (TMT), a marketing year low, were down 278.8 TMT from last week and 68 percent below the prior four-week average of 754 TMT. New crop sales totaled 60 TMT, lifting total sales to 304.7 TMT. Combined crop year sales were down 65 percent from last week and below analyst estimates that ranged from 350 to 900 TMT. 2019/20 export…