Soybean export sales for the 2019/20 marketing year were a marketing year low of negative12.7 thousand metric tons (TMT), which were 583 below last week’s total and 104 percent below the four-week average of 356 TMT. Current year sales were more than offset by over 370 MT of cancellations. New crop sales totaled 2,573 TMT, lifting total sales to 2,560.5 TMT. Combined crop year sales were 25 percent below last week but within analyst estimates that ranged from 1,200 to 3,900 TMT. 2019/20 export commitments are 106 percent of the USDA revised forecast. Export sales are two percent below the 2018/19 crop year pace. Major purchases were reported for the Netherlands, Indonesia, and Spain.
Soybean meal sales for the 2019/20 marketing year of 34.5 TMT were 148 TMT below last week’s total (a marketing year low) and 77 percent below the prior four-week average of 148 TMT. New crop sales totaled…
12.24.2024
Animal fats, oils markets quiet amid Christmas holiday
The US animal fats and oils markets remained steady on Tuesday December 24, amid limited trading due to the Christmas holidays.
Market sources expected activity to remain subdued...
12.24.2024
US November broiler, turkey slaughter down year on year
US animal protein prices were steady on Tuesday December 24, with limited volumes reported to have been traded. With the proximity of the end-of-year holidays, most market participants are...
12.24.2024
US weekly soybean, wheat export inspections rise, corn falls
Weekly export inspections
Export inspections of US grains showed a decline for corn but an increase for soybean and wheat in the week to December 19, according to data...