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…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...