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…
11.14.2024
Cellulosic RINs fall 15% on EPA volume adjustment rule sent to OMB
Renewable identification number (RIN) credit prices fell sharply on Wednesday November 13 due to speculation that the Environmental Protection Agency (EPA) sent a volume adjustment notice to the US...
11.14.2024
DCO prices move lower as production levels hit record highs
Distiller’s corn oil (DCO) traded lower on Thursday November 14, in Manly, Iowa, and out of the FOB Wisconsin/Illinois regions amid declining prices in soybean oil futures.
Offers for DCO...
11.14.2024
Prices for US animal proteins steady; September dog and cat food exports down
Most prices for US animal proteins were steady on Thursday November 14, with light volume reported to Fastmarkets from market sources. Feathermeal price ranges narrowed higher in several regions...