Weekly soybean export sales for the 2021/22 marketing year of 671 thousand metric tons (TMT), were 9 percent below last week’s sales but 12 percent over the prior four-week average of 597 TMT. There were 528 TMT in sales recorded for the 2022/23 crop season, lifting total sales to 1,199 TMT. Combined crop year sales were 31 percent above last week and within analyst estimates that ranged from 700 to 1400 TMT. 2021/22 export commitments are 77 percent of the USDA forecast with 32 weeks remaining in the current crop season. Export sales are 25 percent below the 2020/21 crop year pace. Major purchases were reported for China, Mexico, and Spain.
Soybean meal sales for the 2021/22 marketing year of 314.9 TMT, were 202 percent above last week’s total and 149 percent over the prior four-week average of 126 TMT. There were 201.7 TMT of sales recorded for the 2022/23 crop season, lifting total sales to 516.6 TMT. Combined crop year…
05.07.2024
Singapore Airlines Group orders SAF from Neste ahead of mandate
The Singapore Airlines Group (SIA) will be the first to receive sustainable aviation fuel (SAF) from Neste’s expanded Singapore refinery, the companies announced on Monday May 6.
SIA...
05.07.2024
Animal fats prices to US Gulf jump on growing demand
Choice white grease prices went up in FOB markets on Tuesday, with trading done in a range of 37.5-39.5 cents per lb FOB Missouri River. Prices were boosted by...
05.07.2024
Feathermeal, ruminant bloodmeal prices lower; March IE MM well above 3-year average
US domestic feathermeal prices were lower in all six regions on Tuesday May 7, with reports of buyer pushback due to excess inventory levels in the market.
Fastmarkets...