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…
02.21.2025
US animal fats and oils markets finish week strong; broader uncertainty persists
The US animal fats and oils markets ended Friday February 21 on a relatively quiet note, though broader market developments throughout the week have added ongoing uncertainty to the...
02.21.2025
Sausage casings bulletin, February 21, 2025
Runner market commentary
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02.21.2025
US weekly net soybean meal exports, sales retreat again
In the week to February 13, US net soybean meal and soybean cake sales and exports continued to decline but were above most analysts' estimates, data released by the...