Cash trading was very quiet to start the week, with many sources travelling to Chicago for the Jacobsen Biofuels and Feedstock Conference. Vegetable oil futures markets were slightly mixed on Monday, with signs of increasing production in Malaysia, expectations for continued rapid planting progress in the Midwest and lower-than-expected monthly soybean crush levels offering pressure.
The National Oilseed Processors Association (NOPA) reported at midday the U.S. soybean crush was 173.2 million bushels in April. The figure was down 6.7 percent from March and came in below the average the market expectation of 174 million bushels. Still, the April crush figure was up two percent on the year and was a record high for the month. U.S. soybean oil stocks, meantime, totaled 1.957 billion pounds in April, up from 1.851 billion at the end of March and above market estimates for a total of 1.8 million pounds.
Figure 1
01.09.2025
Additional 45z guidance expected on January 10
Information addressing the Bipartisan Infrastructure Law (BIL) and the Inflation Reduction Act (IRA) is expected to be released on Friday January 10, according to several sources speaking with...
01.09.2025
Prices for US animal fats and oils unchanged; market tightness persists
The US animal fats and oils markets were unchanged on Thursday January 9, as trade slowed following an active start to the week.
Participants continued to report stable pricing in...
01.09.2025
Averted ILA port strike eases animal protein market tension; November dog, cat food exports rise
US animal protein prices were steady on Thursday January 9. With the International Longshoremen’s Association (ILA) port strike avoided, sources expect unease to diminish to a degree. However, trade...