Soybean export sales for the 2019/20 marketing year of 344.9 thousand metric tons (TMT), were up 100 TMT from last week but 48 percent below the prior four-week average of 657.5 TMT. New crop sales totaled 500 MT, lifting total sales to 345.4 TMT. Combined crop year sales were up 13 percent from last week but below analyst estimates that ranged from 350 to 1,050 TMT. 2019/20 export commitments are 79 percent of the USDA forecast and need to average 544 TMT per week to meet expectations. Export sales are 15 percent below the 2018/19 crop year pace. Major purchases were reported for Spain, Bangladesh, and Egypt.
Soybean meal sales for the 2019/20 marketing year of 102.9 TMT were down 56 TMT from last week and 43 percent below the prior four-week average of 182 TMT. New crop sales totaled 15.5 TMT, lifting total sales to 120.6 TMT. Combined crop year sales were down 25 percent from last week’s report but…
04.19.2024
Reduced March RIN production not leading to higher RIN Prices
Total March biofuel RIN production was 1.9 billion RINs, which was 6% below February and 15% below December’s RIN output of 2.25 billion. December had the largest monthly production...
04.19.2024
CWG, YG higher on week, UCO, DCO down again
The market was quiet heading into the weekend. Used cooking oil (UCO) traded in large volume into the Gulf at 40 cents per lb delivered in the truck market.
04.19.2024
Price pressure on ruminant and porcine items for the week
Sloppy markets were reported for porcine and ruminant items at the close of week ending Friday April 19.
Wide ranges were witnessed on porcine bloodmeal (BM), with a...