Corn:
Planting progress converges toward average pace as completion nears. Seventeen of 18 planting states are over 90 percent complete with four states having reached 100 percent. Planting is up four points from last week, three points over the 5-year average, and 19 points above last season’s pace. North Dakota made the most progress, planting 14 percent of the crop. Topsoil moisture is adequate throughout the Midwest and most of the Plains region. The condition of the corn crop improved, edging a point higher to 75 percent in the good to excellent category and holding steady at four percent in the poor to very poor category. This is an…
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...