Soybean export sales for the 2019/20 marketing year were a marketing year low of negative12.7 thousand metric tons (TMT), which were 583 below last week’s total and 104 percent below the four-week average of 356 TMT. Current year sales were more than offset by over 370 MT of cancellations. New crop sales totaled 2,573 TMT, lifting total sales to 2,560.5 TMT. Combined crop year sales were 25 percent below last week but within analyst estimates that ranged from 1,200 to 3,900 TMT. 2019/20 export commitments are 106 percent of the USDA revised forecast. Export sales are two percent below the 2018/19 crop year pace. Major purchases were reported for the Netherlands, Indonesia, and Spain.
Soybean meal sales for the 2019/20 marketing year of 34.5 TMT were 148 TMT below last week’s total (a marketing year low) and 77 percent below the prior four-week average of 148 TMT. New crop sales totaled…
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...