Tomorrow at 11 am (CT) NOPA will issue its monthly crush report for October. Analysts’ estimates range from 160 million to 169.5 million bushels with an average of 164.5 million. If realized, the average would be down 166,000 bushels from last year’s monthly record of 164.6 million, but up 28.1 million bushels from September’s 136.4 million. The Jacobsen estimates NOPA’s October crush at 164.8 million bushels, which, if realized, would eclipse last…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...