Soybean export sales for the 2019/20 marketing year of 495.2 thousand metric tons (TMT), were 149.1 TMT below last week’s total and 36 percent under the four-week average of 777 TMT. New crop sales totaled 607.4 TMT, lifting total sales to 1,102.6 TMT. Combined crop year sales were up 30 percent from last week but within analyst estimates that ranged from 600 to 1,300 TMT. 2019/20 export commitments are 76 percent of the USDA revised forecast and need to average 1,010 TMT per week to meet expectations. Export sales are nine 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 558.9 TMT were 431.7 TMT above last week’s total and 300 percent over the prior four-week average of 140 TMT. New crop sales were 25 TMT, lifting total sales to 584 TMT. Combined crop year sales were…
12.24.2024
Animal fats, oils markets quiet amid Christmas holiday
The US animal fats and oils markets remained steady on Tuesday December 24, amid limited trading due to the Christmas holidays.
Market sources expected activity to remain subdued...
12.24.2024
US November broiler, turkey slaughter down year on year
US animal protein prices were steady on Tuesday December 24, with limited volumes reported to have been traded. With the proximity of the end-of-year holidays, most market participants are...
12.24.2024
US weekly soybean, wheat export inspections rise, corn falls
Weekly export inspections
Export inspections of US grains showed a decline for corn but an increase for soybean and wheat in the week to December 19, according to data...