Weekly Recap
Soybean futures continued to add to recent gains, moving 17½ cents higher last week after adding more than 15cents per bushel the week prior. Export sales were up 8% for the combined marketing seasons at 478.5 TMT. Sales were within analyst expectations that ranged from 250 to 750 TMT. Soybean export commitments are 93% of forecast…
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...