The US Department of Agriculture’s (USDA) May crush data was in line with expectations from the data previously released by the National Oilseed Processors Association (NOPA) in mid-June. Per the USDA, 179.6 million bushels of beans were crushed during May, resulting in 2.06 billion pounds of oil and 3.97 million tons of meal. The May soybean crush was 2.1 percent below the April crush total but 8.5 percent over the May 2019 crush. Crude oil output fell two percent and soybean production declined 1.7 percent from April.
Soybean meal stocks moved from a three-month low of 341,681 tons in April to a 14-month high of 442,173 tons at the end of May. Soybean meal stocks climbed 29.4 percent in the month of May and are 60 percent above levels seen a year ago. Crude soybean oil inventory pulled back from the two year high of 2.2 billion pounds reached in…
04.18.2024
Total RFS blending falls in March, domestic biodiesel blending increases
The Environmental Protection Agency (EPA) reported 1.66 billion gallons of renewable fuel blended within the nation’s transportation fuel pool during March. Blending was six percent below February and...
04.18.2024
EU UCO premium to US continues to grow
The US animal fats and oils market was mostly quiet on Thursday April 18, with a handful of price changes reported. Choice white grease (CWG) into the Missouri River...
04.18.2024
Ruminant meat and bonemeal price pressure in most regions
Price pressure was reported on several regions for meat and bone meal, ruminant and porcine items. Market sources said buyer pushback and light demand, with exception to the pet...