The NOPA crush for November came in far lighter than what analysts had been expecting. Trade expectations had been looking for the crush to fall in the 157.7 to 165.4-million-bushel range, with the average expectation set at 161.7 million. The actual crush was pegged below the range at 156.134 million bushels. This is down 1.74% from October and 3.15% lower than last November’s crush. This was the lowest November crush since 2011.
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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
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