Corn:
The corn harvest is slowly moving forward but expected to accelerate as the crop is maturing early due to hot and dry conditions in August. The harvest is eight percent complete, two points below the historical average and two points above last year’s pace. This year’s corn crop is 59 percent mature, which is 10 points ahead of the historical average and 33 points over last season’s pace. Crop conditions improved from last week. Fields rated good to excellent increased a point to 61 percent while fields rated poor to very poor moved a point lower to 14 percent. Michigan saw the most improvement in fields rated good to excellent…
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...