Soybean and soybean meal values continued higher on a weekly basis last week, rising three percent and five percent respectively on the CME. The soybean complex is trading at its highest level since 2014. The January WASDE report showed the stocks to use ration for soybeans dropped to 3.1 percent from 3.6 percent in December. This is the lowest stocks to use ratio since 2013. Last year the ratio was 13 percent. Tighter supplies make higher prices more likely and increase the volatility within the market. Expect prices to remain well supported with supply as low as it is. Prices are lower on Monday as profit takers are getting out of positions and the soybean harvest in Brazil moves forward. Speculators reduced their long exposure with money managers selling over 6,000 long contracts and adding more than 3,000 short…
12.26.2024
East Coast renewable diesel supplies likely to decline: EIA
Renewable diesel supplies on the US East Coast could be cut in half starting in January as the Clean Fuel Production Credit (CFPC) replaces the expiring Blender’s Tax Credit,...
12.26.2024
US animal fats and oils markets mostly stable, with movement only in CWG
The US animal fats and oils markets were largely steady on Thursday December 26 amid limited trade activity due to the Christmas holiday.
The only notable activity observed...
12.26.2024
Avian flu spikes in poultry, cattle sector at end of 2024
US animal protein prices were steady on Thursday December 26, with limited volumes reported to have been traded.
US avian flu update
Year-to-date US poultry headcounts affected by...