Soybean export sales for the 2019/20 marketing year of 365.2 thousand metric tons (TMT), were 52.2 TMT over last week’s total but 31 percent below the four-week average of 527.2 TMT. New crop sales totaled 2,300.5 TMT, lifting total sales to 2,665.7 TMT. Combined crop year sales were 147 percent over last week’s but within analyst estimates that ranged from 1,300 to 2,700 TMT. 2019/20 export commitments are 104 percent of the USDA revised forecast. Export sales are four percent below the 2018/19 crop year pace. Major purchases were reported for China, the Netherlands, and Egypt.
Soybean meal sales for the 2019/20 marketing year of 45.3 TMT were 131.9 TMT below last week’s total and 65 percent below the prior four-week average of 129 TMT. New crop sales totaled 54.2 TMT, lifting total sales to 99.5 TMT. Combined crop year sales were 51 percent below last week’s report and below analyst…
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...