Soybean export sales for the 2019/20 marketing year were 50.4 thousand metric tons (TMT), which were 63.1 above last week’s total but 82 percent below the four-week average of 275.9 TMT. New crop sales totaled 4,308.3 TMT, lifting total sales to 4,358.8 TMT. Combined crop year sales were 70 percent over last week’s total and exceeded analyst estimates that ranged from 700 to 1,300 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, China, and Spain.
Soybean meal sales for the 2019/20 marketing year of 53.2 TMT were 19 TMT over last week’s total but 63 percent below the prior four-week average of 145 TMT. New crop sales totaled 97.6 TMT, lifting total sales to 150.8 TMT. Combined crop year sales were 21 percent below 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...