Soybean export sales for the 2016/17 marketing year dropped 17% to 402.3 TMT and were 32% less than the prior 4-week average. New crop sales totaled 124.7 TMT, down 68% week over week and lifting combined season sales to 527 TMT. Combined sales were down 40% from last week, yet in line with analyst expectations that ranged from 450 to 900 TMT. 2016/17 export commitments are 101% of the USDA forecast with 21 weeks to go. Current sales are 24% ahead…
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...