Weekly Recap – Brazil Allows Soybean and Soybean Oil Imports in Biodiesel Production
Soybean futures continued to move higher last week, values advanced on a weekly basis for the third consecutive week and are up nearly 12 percent during the period. Lack of sufficient crop moisture in South America remains a concern to global supply, which is also supporting US export demand. Brazil just announced that they will allow imported soybeans and soybean oil for biodiesel production. This announcement could add to recent export interest in soybeans and soybean oil. Soybean exports…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...