Condition Ratings Fall for Corn, Rise for Cotton, and the Winter Wheat Harvest is Underway
Corn and soybean planting are several weeks ahead of schedule this year and the market will now begin to switch its attention from crops getting in the ground to weather and drought concerns. USDA planting intentions for corn were for 91.1 million acres. The latest weekly planting report shows 95 percent of the corn crop has been planted, up from 90 percent last week. This is eight points over the historical average and three points above last year’s pace. Remaining acres to be planted are estimated at 4.6 million. Colorado made the most progress over the week, planting 20 percent of their crop. Sixteen of eighteen reporting states are ahead of their historical planting average, only Colorado and Kansas trail. Eighty one…
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...