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…
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...