Soybean export sales for the 2020/21 marketing year of 1,530.5 thousand metric tons (TMT) were 90.2TMT below last week’s total and 32 percent below the four-week average of 2,239 TMT. No sales were recorded for the 2021/22 crop season, leaving total sales to 1,530.5 TMT. Combined crop year sales were six percent below last week’s total but within analyst estimates that ranged from 800 to 1,700 TMT. 2020/21 export commitments are 81 percent of the USDA forecast. Export sales are noticeably above the 2019/20 crop year pace. Major purchases were reported for Mexico, China, and Egypt.
Soybean meal sales for the 2020/21 marketing year of 331.4 TMT were 132 TMT above last week and 40 percent over the prior four-week average of 236 TMT. There were no sales for the 2021/22 crop seasons, leaving total sales at 331.4 TMT. Combined crop year sales were 66 percent over last…
11.15.2024
October soybean crush reaches all-time monthly high; biofuel demand limits rise in soybean oil stocks
The National Oilseed Processors Association (NOPA) reported the October soybean crush at a record monthly high of 199.9592 million bushels, eclipsing the previous record of 196.406 million bushels set...
11.15.2024
UCO 2025 market clouded by China’s cancellation of export rebate
China will cancel its current 13% export tax rebate for used cooking oil (UCO), a key biofuel feedstock, effective December 1, the country’s Ministry of Finance and the State...
11.15.2024
US animal protein prices steady to firmer week on week; SBM under pressure
The US animal proteins market was steady to higher in the week to Friday November 15. Even with decreases in Chicago Board of Trade (CBOT) soybean meal futures, prices...