Soybean values receded for the week, despite the USDA increasing both the crush and exports by 10 million bushels apiece while lowering ending stocks by 20 million bushels. NOPA crush data for April was released on Friday, which showed 150.363 million bushels crushed, down from 162 million in March but still setting a record for April. Soybean exports were down 67% at 224.6 TMT in total export sales. Old crop sales…
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...