**Bob Lane was out of the office today and will return on Monday, December 18, 2023. In his absence, please contact Amanda Luhavalja at [email protected] **
In its December World Agricultural Supply and Demand Estimates (WASDE) released at noon today, the USDA left nearly all of its projections for U.S. soybean oil stocks and consumption unchanged.
The USDA’s forecast for biofuel demand for 2023/24 marketing year was steady at 12.8 billion pounds. The agency also maintained its estimate for food and feed consumption for soybean oil in 2023/24 at 14.3 billion pounds, leaving the expected domestic usage of soybean oil for the marketing year at 27.1 billion pounds.
…
12.24.2024
Animal fats, oils markets quiet amid Christmas holiday
The US animal fats and oils markets remained steady on Tuesday December 24, amid limited trading due to the Christmas holidays.
Market sources expected activity to remain subdued...
12.24.2024
US November broiler, turkey slaughter down year on year
US animal protein prices were steady on Tuesday December 24, with limited volumes reported to have been traded. With the proximity of the end-of-year holidays, most market participants are...
12.24.2024
US weekly soybean, wheat export inspections rise, corn falls
Weekly export inspections
Export inspections of US grains showed a decline for corn but an increase for soybean and wheat in the week to December 19, according to data...