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…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
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December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...