Corn:
Planting progress slowed as a number of states neared completion for the season. Corn planting is 88 percent complete, up eight points from last week, six points over the 5-year average, and 33 points above last season’s pace. Six states are over 90 percent complete with planting this season. North Dakota made the most progress, planting 34 percent of the crop. North Dakota is also the furthest behind their average pace, trailing the 5-year average by 25 points. Topsoil moisture is adequate throughout the Midwest and Plains states. The first condition report rating for corn shows 70 percent of the crop rated as good to excellent and five percent as poor to very…
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...