Weekly Recap – Increased Ethanol Output Leads to Higher Weekly DDGS Supply
Soybean futures rallied more than four percent last week, erasing the two percent decline from the week prior. Strong export activity continues to underpin the soybean market. China, Mexico, and Egypt were all strong buyers of soybeans but some in the market are concerned China’s buying pace could slow. These concerns were not enough to limit price appreciation as exports of 1.5 million metric tons were at the high end of expectations. This season’s export pace is 130 percent above last season’s. Soybean futures are at their highest levels since 2016 with the harvest looking to conclude this week or next. More than 87 percent of the crop has been harvested, which is above the historical average…
11.13.2024
Neste, Air Canada sign SAF agreement for Vancouver
Finnish transport fuel producer Neste and Air Canada have signed an agreement for the delivery of approximately 20 million gallons of sustainable aviation fuel (SAF) for use by the...
11.13.2024
CWG prices up slightly; DCO movements mixed
The US animal fats and oils markets remained mostly stable to slightly higher on Wednesday November 13, with a modest increase in trading, though many participants continued to exercise...
11.13.2024
2024/25 grain consuming animal unit headcounts increase by 0.39%
Meat and bonemeal, porcine and ruminant, Missouri River were lower on Wednesday November 13. Market sources told Fastmarkets that there are varied poultry and layer feed demand levels, with...