04.26.2024
P66 Rodeo to begin producing SAF in Q3
Phillips 66 brought its long-awaited Rodeo Renewable Energy Complex online during the first quarter of 2024, but it is not producing sustainable aviation fuel (SAF) yet, the company said...
Weekly soybean export sales for the 2020/21 marketing year were a net reduction to sales in the amount of 79.3 thousand metric tons (TMT), which was noticeably below last week’s total of 62 TMT and the four-week average of 60.1 TMT. There were 312.8 TMT in sales recorded for the 2021/22 crop season, lifting total sales to 233.5 TMT. Combined crop year sales were two percent below last week and within analyst estimates that ranged from 0 to 400 TMT. 2020/21 export commitments are 100 percent of the revised USDA forecast with 5 weeks remaining in the current crop season. Export sales are 33 percent above the 2019/20 crop year pace. Major purchases were reported for Taiwan, Mexico, and Vietnam.
Soybean meal sales for the 2020/21 marketing year of 87.3 TMT were 28 percent above last week but 40 percent under the prior four-week average of 145.9 TMT. There were 17.1 TMT in sales…