The USDA’s Monthly Fats and Oils report, released on Tuesday September 3, showed that US processors crushed 193 million bushels of soybeans in July. This was up by about 5% month on month and by 4.3% year on year.
It is common for soybean crush volumes to rebound at this time of year. Crush levels tend to decline in the early US summer months because processing plants schedule maintenance and repairs before the start of the fall harvest season.
Soybean crush rates have also been moving higher, with soy oil demand continuing to rise due to increased production and capacity additions of biodiesel and renewable diesel in the US.
…
09.13.2024
Haffner Energy to spin off SAF division as independent company
French-based technology company Haffner Energy will spin off its sustainable aviation fuel (SAF) division into an independent entity called SAF Zero, the company announced on Friday September 13.
09.13.2024
Animal fats and oils markets end week stable to lower as SBO, HO continues decline
Prices for used cooking oil (UCO) were slightly lower on Friday September 13, as the heating oil (HO) and soybean oil (SBO) markets continued to slump, closing out the...
09.13.2024
Lackluster trade volume keeps most animal proteins flat
A quiet tone was noted by most market sources in the US animal proteins market for the week to Friday September 13. The only price adjustments were on bloodmeal,...