Corn:
The corn crop is 94 percent mature, which is seven points over the historical average and 25 points over last season’s pace. Harvest attention has been with soybeans but is beginning to switch to corn. The harvest is 41 percent complete, up 16 points from last week and nine points over the historical norm. There have been 6.11 billion bushels of corn harvested with 8.8 billion bushels remaining. Large corn producing states like Illinois and Missouri trail their average harvest pace while the largest corn producing state, Iowa, is 25 points over its historical average. Crop conditions…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...