Corn:
The corn crop is 87 percent mature, which is nine points over the historical average and 33 points over last season’s pace. This year’s early maturing crop has not yet translated into a rapid corn harvest, but with clear weather forecast across much of the Midwest, that could change. The harvest pace is 25 percent complete, up 10 points from last week and a point over the historical norm. There have been 3.7 billion bushels of corn harvested with 11.2 billion bushels still in the field awaiting harvest. Certain large corn producing states like Illinois and Missouri trail their average harvest pace by 13…
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...