USDA released their monthly WASDE report. Estimated soybean crushing for the 2014/15 crop year was boosted by 15 million bushels to 1.83 billion, exports were increased by 15 million bushels to 1.825 b, and ending stocks were decreased by 75 million bushels to 255. For the upcoming 2015/16 season, crushing activity was increased by 10 million bushels, pushing it to 1.84 billion and ending stocks were reduced by 50 million to 425 million bushels. For soybean oil, use of soybean oil by the biodiesel industry was increased by 100 million pounds to 5 billion pounds for the 2014/15 season. Biodiesel use of soybean oil was also increased by another 100 million pounds in the 2015/16 season to 5.1 billion pounds.
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...