Soybean export sales for the 2020/21 marketing year were 2,457.1 thousand metric tons (TMT),which were 14 percent below the four-week average of 2,846 TMT. There were no sales for the 2021/22 crop season, leaving total sales at 2,457.1 TMT. Combined crop year sales were below last week’s total but within analyst estimates that ranged from 1,500 to 2,800 TMT. 2020/21 export commitments are 56 percent of the USDA forecast. Export sales are noticeably above the 2019/20 crop year pace. Major purchases were reported for Japan, China, and Vietnam.
Soybean meal sales for the 2019/20 marketing year were a net reduction of 105.4 TMT and a marketing year low. Weekly sales were 132.1 TMT below last week’s total and noticeably below the prior four-week average of 57 TMT. New crop sales totaled 197.3 TMT, lifting total sales to 91.9 TMT. Combined crop year sales were 74 percent below last week’s…
04.22.2024
Animal fats and oils commentary: CWG prices fall on pressure from DCO
Steady slaughter levels, lower prices into the US Gulf for all feedstocks and lower prices for distillers’ corn oil (DCO) in the Midwestern markets have all weighed on the...
04.22.2024
Cattle slaughter more in line with 2023 as May nears
US cattle slaughter
Fastmarkets research forecasts cattle slaughter at 625,000 head in the week to Saturday April 27, less than half a percent lower than the same period in...
04.22.2024
Central Illinois soybean crush margins hit 5-week high
DDG prices remained steady in all regions on Monday April 22. Market sources said demand remains flat, and reported steady values that align with current price ranges.