The National Oilseed Processors Association (NOPA) reported the US November soybean crush was the largest November crush on record and the third largest monthly crush total of all-time. The crush consumed 181.02 million bushels of soybeans, outpacing the previous November record of 166.374 bushels. The monthly crush was 2.3 percent below the all-time high reached in October but fractionally over analyst expectations of 180.02 million bushels. Soybean oil stocks grew five percent from October and were 0.6 percent over analyst estimates.
The crush has been operating above expectations for five of the past six months, generating plenty of meal and oil. Soybean meal exports of 1.081 million tons were the most for a single month since January 2013. Soybean meal exports were 14.4 percent above October and an impressive 24.5 percent over…
05.14.2024
LCFS credit trading volumes, prices decline on week
California Low Carbon Fuel Standard (LCFS) credit volumes declined sharply while the average credit price moved lower in the week ended Sunday May 12, according to the figures released...
05.14.2024
Animal fats prices steady on the week; Weekly average DCO 36.89% under three year average
Animal fats prices were flat on Tuesday May 14, with limited trade volume reported. Several participants indicated doing trade ahead of the current week due to the Fastmarket’s Biofuels...
05.14.2024
Dog, cat food exports for Q1 2024 drop in price, volume year on year
Animal proteins prices were steady to lower on Tuesday May 14, with limited trade volume reported. Several participants indicated doing trade ahead of the current week due to the...