The soybean oil market also rallied today on expectations the USDA’s latest monthly WASDE report to be released on July 12 will show a major downward revision to U.S. soybean production and ending stocks for 2023/24. On average, the market is looking at soybean ending stocks at 243 million bushels, down from an estimate of 350 million bushels in June. This follows the June 30 release of USDA’s annual Prospective Plantings report that sharply lowered the soybean acreage forecast for the year.
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01.15.2025
DOE, USDA release updated GREET, CSA models
On Wednesday January 15, the US Department of Energy (DOE) released the long-awaited update to the Greenhouse Gases, Regulated Emissions and Energy Use in Transportation (GREET) model, now called...
01.15.2025
US animal fats and oils markets climb, tracking gains in vegoils, energy complex
After a relatively slow start to the week, trading in the US animal fats and oils markets gained momentum on Wednesday January 15, driven by developments in the macroeconomic...
01.15.2025
Limited trade keeps most animal protein prices flat; December NOPA crush pressures soybean meal
Limited trade volume was reported to Fastmarkets on Wednesday January 15, with most US animal protein trade prices remaining rangebound for the day, according to market sources.
The...