Corn:
The corn crop is 97 percent mature three points over the historical average and 12 points over last season’s pace. Favorable conditions and a matured crop allowed producers to accelerate the harvest over the past week. The harvest is 60 percent complete, up 19 points from last week and 17 points over the historical norm. There have been 8.94 billion bushels of corn harvested with 5.96 billion bushels remaining. Several large corn producing states like Iowa, Nebraska, Kansas and South Dakota are well ahead of their traditional harvest pace average, while states that were behind…
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...