Weekly Recap – Grains Fall Sharply to Start Monday
Soybean futures continued higher last week, values advanced on a weekly basis for the fourth consecutive week and are up 13 percent for the period. Global supply continues to be a market concern. Rains in South America are helping to ease some of those worries and thoughts that Chinese demand may begin to abate are helping as well. Brazil recently announced they will allow imported soybeans and soybean oil for biodiesel production. This announcement could add to export interest. Soybean exports fell below analyst expectations last week, but the current crop year export pace is more than double last seasons. Soybean futures are at their highest levels since 2016, although futures are down considerably to start this week (down 20 cents per bushel at noon…
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...