Soybean export sales for the 2019/20 marketing year of 952.2 thousand metric tons (TMT), were 710.5 TMT above last week’s total and 60 percent over the four-week average of 596 TMT. New crop sales totaled 382.1 TMT, lifting total sales to 1,334.3 TMT. Combined crop year sales were 23 percent over last week’s but within analyst estimates that ranged from 800 to 1,400 TMT. 2019/20 export commitments are 102 percent of the USDA revised forecast. Export sales are five percent below the 2018/19 crop year pace. Major purchases were reported for China, Indonesia, and Pakistan.
Soybean meal sales for the 2019/20 marketing year of 124.4 TMT were 18.6 TMT below last week’s total and nine percent below the prior four-week average of 136 TMT. New crop sales were 73.5 TMT, lifting total sales to 197.9 TMT. Combined crop year sales were 27 percent over last week’s report and within analyst…
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...