Soybean export sales for the 2019/20 marketing year of 257.8 thousand metric tons (TMT), were 107.3 TMT below last week’s total and 45 percent below the four-week average of 468 TMT. New crop sales totaled 3,344.2 TMT, lifting total sales to 3,602 TMT. Combined crop year sales were 35 percent above last week’s and exceeded analyst estimates that ranged from 1,100 to 2,500 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 Germany, the Netherlands, and Egypt.
Soybean meal sales for the 2019/20 marketing year of 260.9 TMT were 215.6 TMT above last week’s total and 113 percent over the prior four-week average of 122 TMT. New crop sales totaled 32.9 TMT, lifting total sales to 293.8 TMT. Combined crop year sales were 195 percent above last week’s report but within…
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...