The soybean crush totaled 166.034 million bushels, down by 15% from a record of 196.406 million bushels in March and down by 4% from 173.232 million bushels crushed in April 2023, according to a report from the National Oilseed Processors Association (NOPA).
The April crush was below the average trade assessment of 174.173 million bushels, and fell below the low end of the estimate range for the month. Estimates for the crush ranged from 172 million-177.5 million bushels.
The USDA May 2024 World Agriculture Supply and Demand estimate (WASDE) held the 2023/24 crop season crush estimate at 2.3 billion bushels of soybeans and introduced the 2024/25 crush estimate at 2.425 billion bushels. The 2023/24 crush is expected to be 3.98% above the 2022/23 crush, and the 2024/25 crop season crush is forecast to be 5.43% over the 2023/24 crush.
…
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...