The estimated crush margin dropped a penny per bushel, as the value received from soybean oil sales continues to move lower. Soybean oil is battling two fronts, rapidly declining crude oil prices and a sharp fall off in demand from the biodiesel industry. Accelerating soybean meal values and a lower cost for soybeans mostly offset lower soybean oil prices. The value received from soybean oil and meal sales, per bushel…
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...