Corn:
Planting progress continues to slow as most states near completion. Fifteen of 18 planting states are over 90 percent complete with North Carolina being the first to reach 100 percent. Planting is up five points from last week, four points over the 5-year average, and 29 points above last season’s pace. Pennsylvania made the most progress, planting 33 percent of the crop. North Dakota is also the furthest behind their average pace, trailing the 5-year average by 15 points. Topsoil moisture is adequate throughout the Midwest and Plains states. The condition of the corn crop improved, climbing four points to 74 percent in the good to excellent…
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...