Soybean export sales for the 2019/20 marketing year of 655.5 thousand metric tons (TMT), were 2.4 TMT over last week’s total and 13 percent over the four-week average of 580.3 TMT. New crop sales totaled 440 TMT, lifting total sales to 1095.5 TMT. Combined crop year sales were up 22 percent from last week but within analyst estimates that ranged from 600 to 1,350 TMT. 2019/20 export commitments are 84 percent of the USDA forecast and need to average 497 TMT per week to meet expectations. Export sales are 11 percent below the 2018/19 crop year pace. Major purchases were reported for China, the Netherlands, and Egypt.
Soybean meal sales for the 2019/20 marketing year of 101.4 TMT were 30 TMT below last week’s total and 12 percent below the prior four-week average of 139.2 TMT. New crop sales totaled 18.8.8 TMT, lifting total sales to 120.2 TMT. Combined crop…
04.22.2024
Animal fats and oils commentary: CWG prices fall on pressure from DCO
Steady slaughter levels, lower prices into the US Gulf for all feedstocks and lower prices for distillers’ corn oil (DCO) in the Midwestern markets have all weighed on the...
04.22.2024
Cattle slaughter more in line with 2023 as May nears
US cattle slaughter
Fastmarkets research forecasts cattle slaughter at 625,000 head in the week to Saturday April 27, less than half a percent lower than the same period in...
04.22.2024
Central Illinois soybean crush margins hit 5-week high
DDG prices remained steady in all regions on Monday April 22. Market sources said demand remains flat, and reported steady values that align with current price ranges.