The USDA’s soybean oil ending stocks outlook for the 2022/23 crop season declined 159 million pounds to 1.6 billion pounds. The decline trickled through the 2023/24 crop season as well, lowering ending stocks there by 159 million pounds to 1.577 billion pounds. Increased soybean oil demand from the biofuel industry accounted for the largest segment of the decline.
USDA increased expected biofuel demand by 300 million pounds to 12.4 billion pounds. They also lowered soybean oil production 38 million pounds and increased exports by eight million pounds. Partially offsetting these moves was a slight increase in soybean oil imports and a decline in the domestic “food, feed and other” category.
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02.04.2025
Chicago, Gulf animal fats and oils markets strengthen despite ongoing uncertainty
The US animal fats and oils markets were stable to higher on Tuesday February 4, as Chicago market activity saw a notable uptick throughout the day.
Six railcars...
02.04.2025
Light trade volume leaves most US animal protein prices flat
Light trade volume was reported in the US animal proteins markets for Tuesday February 4.
Ruminant meat and bonemeal, Missouri River, was reported as steady from Monday February...
02.04.2025
December US soybean crush, corn consumption up month on month
US soybean crush above monthly, yearly levels
Soybeans crushed for crude oil totaled 218 million bushels in December 2024, up by 7% from November and by 4% from...