05.15.2024
Soybean oil stocks fall with slowing April crush
The soybean crush totaled 166.034 million bushels, down by 15% from a record of 196.406 million bushels in March and down by 4% from 173.232 million bushels crushed in...
Weekly Export Sales
Soybean export sales for the 2020/21 marketing year of 2,225.5 thousand metric tons (TMT) were 351.1 TMT below last week’s total and 18 percent below the four-week average of 2,724 TMT. There were no sales for the 2021/22 crop season, leaving total sales at 2,225.5 TMT. Combined crop year sales were 14 percent below last week’s total but within analyst estimates that ranged from 1,200 to 2,500 TMT. 2020/21 export commitments are 76 percent of the USDA forecast. Export sales are noticeably above the 2019/20 crop year pace. Major purchases were reported for Egypt, China, and Germany.
Soybean meal sales for the 2020/21 marketing year of 321.9 TMT were 170 TMT over last week and four percent above the prior four-week average of 310 TMT. There were no sales for the 2021/22 crop seasons, leaving total sales at 321.9 TMT. Combined crop year sales were 112 percent over last week’s report and…