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…
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...