Soybean export sales for the 2020/21 marketing year of 922.3 thousand metric tons (TMT) were 353 TMT over last week’s total and 20 percent above the four-week average of 769 TMT. There were 94 TMT in sales recorded for the 2021/22 crop season, lifting total sales to 1,016.3 TMT. Combined crop year sales were 38 percent over last week’s total and exceeded analyst estimates that ranged from 200 to 900 TMT. 2020/21 export commitments are 90 percent of the USDA forecast. Export sales are 89 percent above the 2019/20 crop year pace. Major purchases were reported for Indonesia, China, and Mexico.
Soybean meal sales for the 2020/21 marketing year of 261.2 TMT were 98 TMT above last week and 61 percent over the prior four-week average of 162 TMT. There were no sales for the 2021/22 crop seasons, leaving total sales at 261.2 TMT. Combined crop year…
11.18.2024
EIA reduces US biomass-based diesel consumption forecast for 2024, 2025
The US Energy Information Administration’s (EIA) monthly Short-Term Energy Outlook (STEO) released on Wednesday November 13, reduced its 2024 and 2025 forecasts for the consumption biomass-based diesel (BBD). The...
11.18.2024
UCO prices rise to start week; December cattle slaughter expected to decline
Used cooking oil (UCO) prices edged higher in the US Gulf Coast on Monday November 18, amid an otherwise quiet start to the week...
11.18.2024
Missouri River, Texas Panhandle ruminant bloodmeal prices higher on active demand
US animal proteins were steady to higher on Monday November 18.
Bloodmeal demand was indicated as active by market sources, although some buyer hesitancy was reported. Ruminant bloodmeal...