Soybean export sales for the 2020/21 marketing year of 2,225.5 thousand metric tons (TMT) were 351.1 TMT below last week’s total and 18 percent below the four-week average of 2,724 TMT. There were no sales for the 2021/22 crop season, leaving total sales at 2,225.5 TMT. Combined crop year sales were 14 percent below last week’s total but within analyst estimates that ranged from 1,200 to 2,500 TMT. 2020/21 export commitments are 76 percent of the USDA forecast. Export sales are noticeably above the 2019/20 crop year pace. Major purchases were reported for Egypt, China, and Germany.
Soybean meal sales for the 2020/21 marketing year of 321.9 TMT were 170 TMT over last week and four percent above the prior four-week average of 310 TMT. There were no sales for the 2021/22 crop seasons, leaving total sales at 321.9 TMT. Combined crop year sales were 112 percent over last week’s report and…
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...