USDA March crush data was in line with expectations and with the data previously released by the National Oilseed Processors Association (NOPA). Per the USDA, 188.2 million bushels of beans were crushed during March, resulting in 2.22 billion pounds of oil and 4.18 million tons of meal. The March soybean crush was 14.5 percent over the February crush but two percent under the March 2020 crush. Crude oil production increased 15.2 percent and soybean meal output was of 14.4 percent over February output.
Soybean meal and soybean oil stocks fell to a three-month low. March meal stocks of 415,418 tons are 23.7 percent below February and fractionally under March 2020 stock levels. Crude soybean oil stocks of 1.86 billion pounds are 3.6 percent below February but 12.7 percent over levels at this time last year. Total soybean oil stocks, crude and once refined, are 2.5 billion pounds, 60,710 under…
12.27.2024
US RD, SAF supplies remain strong despite declining import volumes
US supplies of sustainable aviation fuel (SAF) fell sharply in November but reached the highest November volume on record, according to data released on Thursday December 26 by the...
12.27.2024
Animal fats and oils end week steady amid holiday-limited trades
The US animal fats and oils markets held steady on Friday December 27, with limited trades persisting due to the holiday season.
Weekly averages were unchanged from the prior week...
12.27.2024
Relative prices of US meat and bonemeal rise amid depressed soybean meal market: 2024 recap
US animal protein prices were steady to lower on Friday December 27. Some participants reported distressed loads in the market late in the afternoon of Thursday December 26 and...