The National Oilseed Processors Association (NOPA) reported the US November soybean crush was the largest November crush on record and the third largest monthly crush total of all-time. The crush consumed 181.02 million bushels of soybeans, outpacing the previous November record of 166.374 bushels. The monthly crush was 2.3 percent below the all-time high reached in October but fractionally over analyst expectations of 180.02 million bushels. Soybean oil stocks grew five percent from October and were 0.6 percent over analyst estimates.
The crush has been operating above expectations for five of the past six months, generating plenty of meal and oil. Soybean meal exports of 1.081 million tons were the most for a single month since January 2013. Soybean meal exports were 14.4 percent above October and an impressive 24.5 percent over…
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...
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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...