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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…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...