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Chinese exports to the EU, have eased over the past 8-months beginning their negative trajectory in September of 2019. The 12-month moving average of Chinese exports of organic soybeans/meal to EU has dropped from approximately 3K metric tons per month to nearly 2K metric tons per month according to The Jacobsen. This has substantially buoyed prices. Merchandisers are saying that prices are offered for the Q4 at 800-Euros per metric ton by some Chinese sellers. Spot prices are as higher as 1,000 Euros per metric ton with nobody actively trading.
Chinese exports of organic soybeans/meals have a seasonal tendency to rise in the Q4 but 2019…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...