Weekly Recap – DDGS Values Trade Beyond November Average
Soybean futures headed lower on a weekly basis for the first time in five weeks Brazilian soybean planting is 90 percent complete and rains in South America have been leading speculators to exit long holdings, which has reduced soybean price support with values facing strong resistance at $12 per bushel. Global supply remains concern while strong interest from China continued to show in the weekly export report. Despite China’s buying presence, overall soybean exports were at the low end of expectations in last week’s report. However, this season’s export pace is 102 percent over last seasons. Price resistance is seen at $11.61 (followed by 12.02) versus support at $11.25 for the January futures contract….
02.21.2025
US animal fats and oils markets finish week strong; broader uncertainty persists
The US animal fats and oils markets ended Friday February 21 on a relatively quiet note, though broader market developments throughout the week have added ongoing uncertainty to the...
02.21.2025
Sausage casings bulletin, February 21, 2025
Runner market commentary
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02.21.2025
US weekly net soybean meal exports, sales retreat again
In the week to February 13, US net soybean meal and soybean cake sales and exports continued to decline but were above most analysts' estimates, data released by the...