The USDA provided their May estimates for the 2016/17 crop season and their projections for the 2017/18 season. Ending stocks for corn, wheat, and soybeans saw little change for the 2016/17 crop season. Corn stock estimates declined from 2.320 billion bushels in April to 2.295 billion. A decrease of 25 million bushels and not far from the average estimate of 2.326 billion. Wheat stocks were unchanged and…
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...