Soybean export sales for the 2020/21 marketing year of 3,194.7 thousand metric tons (TMT) were 737.6 TMT over last week’s total and 13 percent above the four-week average of 2,817 TMT. There were no sales for the 2021/22 crop season, leaving total sales at 3,194.7 TMT. Combined crop year sales were 30 percent over last week’s total and exceeded analyst estimates that ranged from 1,600 to 3,000 TMT. 2020/21 export commitments are 61 percent of the USDA forecast. Export sales are noticeably above the 2019/20 crop year pace. Major purchases were reported for Thailand, China, and Indonesia.
Soybean meal sales for the 2019/20 marketing of 28.6 TMT were 134 TMT above last week’s total and 30 percent over the prior four-week average of 22 TMT. New crop sales totaled 294.7 TMT, lifting total sales to 323.3 TMT. Combined crop year sales were 252 percent above last week’s report but within analyst…
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...