Soybean Oil Stocks Fall to 71-Month Low, Crush Reaches 11-Month Low

Soybean Oil Stocks Fall to 71-Month Low, Crush Reaches 11-Month Low

The National Oilseed Processors Association (NOPA) reported the August soybean crush at 161.453 million bushels, 6.8 percent below the July crush and 2.5 percent under the 165.538 million bushels processed during August 2022. The August crush is typically one of the lowest crush totals of the year, as some processors idle plants for seasonal maintenance ahead of the new crop harvest. Despite reduced expectations, the August crush total fell below analyst expectations that ranged between 161.28 million to 171 million bushels with a median analyst estimates of 167.802 million bushels.

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05.16.2024

Animal fat prices steady on limited volume traded

Animal fat prices steady on limited volume traded

Fastmarkets price assessment for edible tallow, fob Chicago was $52.00 cents per lb on 14 railcars, steady from $52.00 cent per lb on Wednesday May 15.

On Thursday,...

05.16.2024

Grain consuming animal units forecast lower for 2023/24, 2024/’25

Grain consuming animal units forecast lower for 2023/24, 2024/’25

Animal protein prices were steady on Thursday May 16.

Market sources reported an uptick in interest, but the upcoming Memorial Day holiday, lower prices for distiller dried grains...

05.16.2024

International animal fats and oils, May 16 2024

International animal fats and oils, May 16 2024

Market sources also reported that UCO traded at €1,065 per tonne on a DDP France basis, while deals for imported UCO were heard at $975 per tonne CIF Rotterdam,...

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