Soybean export sales for the 2020/21 marketing year were 2,457.1 thousand metric tons (TMT),which were 14 percent below the four-week average of 2,846 TMT. There were no sales for the 2021/22 crop season, leaving total sales at 2,457.1 TMT. Combined crop year sales were below last week’s total but within analyst estimates that ranged from 1,500 to 2,800 TMT. 2020/21 export commitments are 56 percent of the USDA forecast. Export sales are noticeably above the 2019/20 crop year pace. Major purchases were reported for Japan, China, and Vietnam.
Soybean meal sales for the 2019/20 marketing year were a net reduction of 105.4 TMT and a marketing year low. Weekly sales were 132.1 TMT below last week’s total and noticeably below the prior four-week average of 57 TMT. New crop sales totaled 197.3 TMT, lifting total sales to 91.9 TMT. Combined crop year sales were 74 percent below last week’s…
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...