Planting progress improved over the past week as producers were able to make the most of the good weather. Twenty seven percent of the corn crop is planted, up from seven percent last week and seven points over the five-year historical average of 20 percent. Minnesota and Iowa made the most progress during the week, planting 39 percent and 37 percent of their states projected totals. Iowa and Minnesota are also the states furthest ahead of their historical planting average pace, while Missouri is the furthest behind. Missouri trails its average by 21 points. Days suitable for planting reached 5.3 in Iowa but only 3.6 in Missouri. Topsoil moisture is adequate throughout the Midwest and Plains states.
Soybean planting experienced the same weather-related progress that corn did. Planting increased six points to eight percent complete and is four points…
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...