Corn
US corn sales for 2024/25 were reported at 1.68 million tonnes in the week to September 26, up noticeably from the previous week and landing above the USDA’s expected range of 600,000-1 million tonnes, US Department of Agriculture data showed on Thursday October 3.
Much of the increase came from Mexico (540,800 tonnes), Colombia (339,100 tonnes), Japan (244,000 tonnes), Spain (141,500 tonnes) and Guatemala (121,200 tonnes).
These gains were partly offset by reductions for unknown destinations (55,900 tonnes). The USDA groups undisclosed destinations under the umbrella term “unknown.”
The accumulated export commitments reached 147.1% of the USDA forecast.
Exports of 1.17 million tonnes were primarily to Mexico (392,900 tonnes), Colombia (331,900 tonnes), Japan (254,000 tonnes), Spain (71,500 tonnes) and Panama (44,800 tonnes).
Wheat
US wheat sales for 2024/25…
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...