The US soybean crush slowed in April, falling to a seven-month low at 166.03 million bushels, from a record high of 196.406 million bu in March, the National Oilseed Processors Association (NOPA) reported on Wednesday May 15.
The crush figure was down by more than 30 million bu, or more than 15%, month on month and more than 4% year on year to a three-year low for the month of April. The April crush figure was well below the average market expectation of 183 million bu. Market sources had anticipated a lower crush in April, partially due to maintenance downtime at processing plants.
For the first time in six months, domestic soybean oil stockpiles among NOPA members was down in April, with soybean oil stocks declining to 1.75 billion lbs, down more than 5% from the 10-month high of 1.851 billion lbs at the end of March.
…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...