The National Oilseed Processors Association (NOPA) US October soybean crush reached a nine-month high and exceeded market expectations. Analysts had been expecting the crush to rise 18.3 percent to 181.945 million bushels. However, final crush tabulations showed the crush was 183.993 million bushels, a gain of 19.6 percent from September and the third largest crush of any month on record. The October 2021 crush was 0.68 percent lower than the October 2020 crush. The USDA left the 2020/21 and 2021/2022 crush expectations unchanged in the latest WASDE report. The 2021/22 crush is expected to reach 2.19 billion bushels of soybeans, a 2.29 percent increase over the 2020/21 crush.
Soybean oil stocks registered a 17-month high, coming in above analyst expectations. Stocks reached 1.834 billion pounds versus a 1.724-billion-pound estimate. October ending stocks were…
05.09.2024
Michigan among growing list of US states incentivizing SAF
Following the passage of federal tax credits for production of sustainable aviation fuel (SAF), state governments across the US have been implementing tax credits of their own to secure...
05.09.2024
US fat exports hit multi-month high on shipments to Singapore
Four cars of packer bleachable fancy tallow (BFT) and four cars of choice white grease (CWG) traded higher on a Chicago basis on Thursday. Packer BFT was up to...
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Ruminant meat and bonemeal relative to CBOT soybean meal drops
US animal protein prices were steady on Thursday May 9 following multiple reports of limited trade.
Ruminant meat and bonemeal relative to soybean meal
Ruminant meat and bonemeal...