Soybean export sales for the 2019/20 marketing year of 1,078 thousand metric tons (TMT), were up 733 TMT from last week and 108 percent over the prior four-week average of 518 TMT. New crop sales totaled 105 TMT, lifting total sales to 1183 TMT. Combined crop year sales were up 243 percent from last week but within analyst estimates that ranged from 700 to 1,425 TMT. 2019/20 export commitments are 81 percent of the USDA forecast and need to average 514 TMT per week to meet expectations. Export sales are 13 percent below the 2018/19 crop year pace. Major purchases were reported for China, Indonesia, and Egypt.
Soybean meal sales for the 2019/20 marketing year of 163.6 TMT were up 60.6 TMT from last week and 13 percent over the prior four-week average of 145 TMT. New crop sales totaled 60.1 TMT, lifting total sales to 223.7 TMT. Combined crop year sales were up 89 percent from last week’s…
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...