Corn:
The corn harvest is 91 percent complete, up nine points from last week and 11 points over the five-year average of 80 percent. According to the USDA’s October WASDE report, 14.72 billion bushels of corn are expected to be harvested. With the harvest 91 percent complete, 13.4 billion bushels have been harvested and 1.3 billion are still in the fields. Favorable weather has allowed 14 of 18 reporting states to be at or ahead of their historical harvest pace. North Dakota leads the pack by outpacing the historical norm by 33 points. The North Dakota harvest is 93 percent complete versus a historical average of 60 percent. Ohio is the largest producer furthest behind, trailing their average harvest pace by…
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...