The National Oilseed Processors Association (NOPA) reported the May US soybean crush declined 1.3 percent from April, while soybean oil stocks dropped nearly 11 percent from a seven-year high. The May crush came in two percent below analyst expectations, marking the first time in six months that the crush fell below market forecast.
NOPA members crushed 169.584 million bushels of soybeans in May, down from 171.754 million in April but 11 percent over the 154.796 crushed during May of 2019. May Soybean meal exports fell 12.8 percent to 776,677 tons, but were 26 percent over May of 2019.
Soybean oil stocks declined sharply in May retreating from a seven-year high reached in April. May stocks fell 231 million pounds from April and were 188 million pounds below the average estimate. Analysts had expected a two percent build in…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...