Soybean Meal Falls on Oil Share Spreading by Funds
Most feed and grain contracts were lower on Monday despite relatively bullish export inspection data. Improving South American weather conditions weighed on oilseed and grain contracts, while long oil share spreading by funds drove soybean meal futures sharply lower. Outside of late growing season weather in South America, traders are also looking forward to the United States Department of Agriculture’s (USDA’s) Prospective Plantings report, scheduled for release next week.
USDA reported export inspections for the week ending March 18 on Monday. Weekly shipments of corn totaled 1.96 million tonnes, in line with analysts’ expectations ranging from 1.6 to 2.2 million tonnes. The total was down from 2.27 million tonnes last week, which was a marketing-year high, suggesting that the U.S. corn export season peak may have…
10.18.2024
RIN prices fall week on week despite lower reported US biodiesel output
Prices for renewable identification numbers (RINs) fell week on week on Friday October 18 despite lower production reported for September, and US biofuels markets remain in limbo over awaited...
10.18.2024
US DCO prices decrease amid quiet trade week
US animal fats and oils markets ended the week stable to slightly lower on Friday October 18, following a quiet week of trading as many participants attended the American...
10.18.2024
Lackluster trade volume keeps weekly US animal proteins prices mostly steady
US animal proteins prices were steady to slightly lower for the week to Friday October 18 on limited trade volume.
Several market participants told Fastmarkets it was a...