*Ryan Capozziello was out today and will return on Monday, February 12, 2024.*
Weekly Export Sales – Released February 8, 2024
Soybean export sales for the week ending February 1st amounted to 340.8 thousand metric tons (TMT) for marketing year 2023/24. This increased 176.3 TMT from last week but was below the prior four-week average of 446.8 TMT. Export sales for the 2024/25 crop season were 9.2 TMT, increasing the total sales to 350 TMT. Combined crop year sales were higher than the previous week but fell below the expected range of 400-1000 TMT. Accumulated export commitments amounted to 160.4 percent of the USDA forecast, which was higher than commitment levels for the previous year. Major purchases were made by China (1,152,100 MT), the Netherlands (134,500 MT), Mexico (118,700 MT), Bangladesh (59,900 MT), and Turkey (59,700 MT).
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04.30.2024
Biofuel feedstock demand rises while capacity declines: EIA
EIA Biofuels Capacity and Feedstock Update
The Energy Information Administration’s (EIA) Monthly Biofuels Capacity and Feedstocks Update, released on Tuesday April 30, showed that operable US biofuel capacity declined...
04.30.2024
Chicago edible tallow trades lower
The edible tallow price fell to 52 cents per lb Chicago basis on the afternoon of Tuesday April 30. Tallow trading was quiet outside of the edible tallow market.
04.30.2024
April animal protein values mixed month on month
US animal proteins prices were mostly steady on Tuesday April 30. Limited trade was again reported, with multiple market participants attending the Petfood Forum in Kansas City, Missouri, held...