Soybean export sales for the 2020/21 marketing year of 569 thousand metric tons (TMT) were 162 TMT over last week’s total but 42 percent below the four-week average of 976 TMT. There were 168 TMT in sales recorded for the 2021/22 crop season, lifting total sales to 737 TMT. Combined crop year sales were 81 percent over last week’s total but within analyst estimates that ranged from 500 to 950 TMT. 2020/21 export commitments are 88 percent of the USDA forecast. Export sales are 96 percent above the 2019/20 crop year pace. Major purchases were reported for Thailand, China, and Mexico.
Soybean meal sales for the 2020/21 marketing year of 163.6 TMT were 0.3 TMT below last week but four percent over the prior four-week average of 157 TMT. There were no sales for the 2021/22 crop seasons, leaving total sales at 163.6 TMT. Combined…
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...