Weekly Recap
Soybean futures were able to push consecutive up weeks to 3, as May futures added 1.75 cents and July futures gained 2.75 cents per bushel for the week. Export sales were up 79% for the combined marketing seasons and old crop sales were 38% stronger than the prior 4-week average. Sales of 858.8 TMT were within analyst expectations that ranged…
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...