Weekly Recap – Grains Fall Sharply to Start Monday
Soybean futures continued higher last week, values advanced on a weekly basis for the fourth consecutive week and are up 13 percent for the period. Global supply continues to be a market concern. Rains in South America are helping to ease some of those worries and thoughts that Chinese demand may begin to abate are helping as well. Brazil recently announced they will allow imported soybeans and soybean oil for biodiesel production. This announcement could add to export interest. Soybean exports fell below analyst expectations last week, but the current crop year export pace is more than double last seasons. Soybean futures are at their highest levels since 2016, although futures are down considerably to start this week (down 20 cents per bushel at noon…
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...