In its November World Agricultural Supply and Demand Estimates (WASDE) released at noon on Thursday, the USDA reduced projections for 2023/24 beginning and ending U.S. soybean oil stocks. U.S. soybean oil inventories are expected to start the 2023/24 marketing year at 1.602 million pounds, down 159 million pounds from the prior month’s outlook. Estimates for 2023/24 ending soybean oil stocks were also reduced by 159 million pounds to 1.577 million pounds.
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12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...