Weekly Recap – Brazil Allows Soybean and Soybean Oil Imports in Biodiesel Production
Soybean futures continued to move higher last week, values advanced on a weekly basis for the third consecutive week and are up nearly 12 percent during the period. Lack of sufficient crop moisture in South America remains a concern to global supply, which is also supporting US export demand. Brazil just announced that they will allow imported soybeans and soybean oil for biodiesel production. This announcement could add to recent export interest in soybeans and soybean oil. Soybean exports…
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...