Soybean export sales for the 2020/21 marketing year of 2,591.2 thousand metric tons (TMT) were 603.5 TMT below last week’s total and 18 percent under the four-week average of 3,147 TMT. There were no sales for the 2021/22 crop season, leaving total sales at 2,291.2 TMT. Combined crop year sales were 19 percent below last week’s total but exceeded analyst estimates that ranged from 1,600 to 2,500 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 Mexico, China, and Pakistan.
Soybean meal sales for the 2019/20 marketing of 13.6 TMT were 15 TMT below last week and 15 percent under the prior four-week average of 16 TMT. New crop sales totaled 523.1 TMT, lifting total sales to 536.7 TMT. Combined crop year sales were 66 percent above last week’s report and exceeded analyst…
11.14.2024
Cellulosic RINs fall 15% on EPA volume adjustment rule sent to OMB
Renewable identification number (RIN) credit prices fell sharply on Wednesday November 13 due to speculation that the Environmental Protection Agency (EPA) sent a volume adjustment notice to the US...
11.14.2024
DCO prices move lower as production levels hit record highs
Distiller’s corn oil (DCO) traded lower on Thursday November 14, in Manly, Iowa, and out of the FOB Wisconsin/Illinois regions amid declining prices in soybean oil futures.
Offers for DCO...
11.14.2024
Prices for US animal proteins steady; September dog and cat food exports down
Most prices for US animal proteins were steady on Thursday November 14, with light volume reported to Fastmarkets from market sources. Feathermeal price ranges narrowed higher in several regions...