Soybean Oil Demand Expected to Rise to 12 Billion Pounds from 7.9 Billion – USDA
The May World Agriculture Supply and Demand Estimates (WASDE) released by the USDA provided a first look at the 2021/22 crop year expectations. Corn and soybeans projections are showing a much-desired increase in supply.
For corn, an additional 300,000 acres may be planted, with an additional million acres projected to be harvested. Yield per acre harvested, was increased 7.5 bushels to 179.5 bushels per acre. Corn ending stocks are expected to rise nearly 20 percent to 1.507 billion bushels. The stock-to-use ratio for corn improved from 9.2 percent to 10.2 percent.
An additional 4.5 million acres of soybeans are expected to be planted. Harvestable acres are projected to increase 4.4 million to 86.7…
05.06.2024
Strong biodiesel production seen weighing on crude glycerin prices
The whispers of declining biodiesel production are meeting with resistance. Some observers have been sounding the alarm regarding declining production for over a year now, but if true, biodiesel...
05.06.2024
Average weekly hog slaughter to decrease into mid-June: Fastmarkets’ research team
Distillers’ corn oil (DCO) prices fell to 42-43.5 cents per lb delivered US Gulf on Monday May 6 for May-June shipments. There was additional trading reported on the same...
05.06.2024
Year-to-date commercial cattle production falls 2.30% y-o-y
US animal proteins prices were steady on Monday May 6. Limited trade was reported, with several market participants only testing prices, Fastmarkets heard.
US hog slaughter
Fastmarkets research...