Weekly Recap
Soybean futures moved higher on a weekly basis for a second consecutive week, gaining four percent in value by the end of the week. Weekly price movement snapped through resistance at $8.50, a level that had been holding prices down for the past seven weeks. Stronger than expected export demand helped to buoy values. Despite China’s announcement that they will halt US soybean purchases, they were still the top export sales destination, at least for last week. China’s announcement came on June 1, which could lead to softer sales moving forward. Friday’s Commitment of Traders (COT) report showed managed money added to overall net long holdings for the first time in three weeks. Short positions were trimmed 579 contracts while 245 long positions were added, boosting the overall long position to…
01.08.2025
Tallow trades persist amid tight markets; DCO, ethanol production down slightly
Trade in the US tallow markets continued to gain momentum on Wednesday January 8, following sluggish demand throughout much of December.
Another four railcars of packer-grade bleachable fancy tallow (BFT)...
01.08.2025
US ruminant meat and bonemeal prices fall further in most regions
Meat and bonemeal spot prices in the US dropped further on Wednesday January 8. A sizable number of distressed loads of both porcine and ruminant meat and bonemeal were...
01.08.2025
US weekly ethanol production drops; stocks reach 7-month high
US weekly average ethanol production fell to 1.102 million barrels per day in the week to Friday January 3, according to the US Energy Information Administration (EIA) report released...