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…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...