Stronger Biofuel Demand for Soybean Oil Boosts Crop Year 2022/23 Forecast
The USDA operates on a crop year basis while most biofuel market watchers tend to look at things through a calendar year outlook. The World Agriculture Supply and Demand Estimates (WASDE) were released today and showed an expected increase in biofuel demand for soybean oil for the 2022/23 crop year. The crop year for soybean oil operates from October 1, 2022, through September 30, 2023.
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02.05.2025
Fats exports rise in 2024; DCO, ethanol production reach 2-month high
The US animal fats and oils markets were stable to higher on Wednesday February 5 as ongoing strength in the Chicago markets continued to ripple into nearby regions, lifting...
02.05.2025
Mixed inventory levels, overall unease impact meat and bonemeal trade
Unease and mixed tones were reported from market sources on Wednesday February 5 for US animal proteins, specifically meat and bonemeal (MBM).
A variety of factors — lessened...
02.05.2025
US weekly ethanol production hits 2-month high; stocks rebound
US weekly average ethanol production rose to a two-month high of 1.112 million barrels per day in the week to January 31, according to the US Energy Information Administration...