Soybean export sales for the 2019/20 marketing year of 601.9 thousand metric tons (TMT), were 63.7 TMT over last week’s total and 10 percent below the four-week average of 670 TMT. New crop sales totaled 560.7 TMT, lifting total sales to 1,162.6 TMT. Combined crop year sales were 39 percent below last week’s but within analyst estimates that ranged from 800 to 1,700 TMT. 2019/20 export commitments are 99.8 percent of the USDA revised forecast and need to average 11 TMT per week to meet expectations. Export sales are six percent below the 2018/19 crop year pace. Major purchases were reported for China, Spain, and Egypt.
Soybean meal sales for the 2019/20 marketing year of 70.2 TMT were 53.9 TMT below last week’s total and 72 percent under the prior four-week average of 253 TMT. New crop sales were 12 TMT, lifting total sales to 82.2 TMT. Combined crop year sales were 55 percent…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...