May Soybean futures closed higher on a weekly basis for the first time in the past five weeks. Prices posted a gain of nearly 2%, or 19 cents per bushel, and wiped out three weeks worth of loss in the process. Prices moved higher on the belief that not as many farmers will be switching corn acreage to soybeans. Old crop exports were down 95% while new crop exports were 158% higher. Overall, export activity was down…
04.30.2024
Biofuel feedstock demand rises while capacity declines: EIA
EIA Biofuels Capacity and Feedstock Update
The Energy Information Administration’s (EIA) Monthly Biofuels Capacity and Feedstocks Update, released on Tuesday April 30, showed that operable US biofuel capacity declined...
04.30.2024
Chicago edible tallow trades lower
The edible tallow price fell to 52 cents per lb Chicago basis on the afternoon of Tuesday April 30. Tallow trading was quiet outside of the edible tallow market.
04.30.2024
April animal protein values mixed month on month
US animal proteins prices were mostly steady on Tuesday April 30. Limited trade was again reported, with multiple market participants attending the Petfood Forum in Kansas City, Missouri, held...