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…
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...