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Blog

Monthly soybean crush reaches record high for May; soybean oil stocks fall below forecast

Alexandra Watts | 06.17.2024

The National Oilseed Processors Association (NOPA) reported a record-high May soybean crush at 183.63 million bushels. The crush was 8.4% above the April crush of 169.44 million bu and 3% over the 177.92 million bu crushed during May 2023.

The May crush was well above the average trade assessment of 178.4 million bu and near the top end of projections. Traders estimated a wide crush range, spanning from 171.4 million bu to 187.6 million bu.

The USDA June 2024 World Agriculture Supply...

Holiday break drives lower hog slaughter forecast

Trading was quiet on Monday June 17, with no trading reported.

Fastmarkets’ research team forecasts hog slaughter...

US cattle slaughter continues to trail 2022, 2023 levels

Please note: Fastmarkets will not publish an Animal Proteins bulletin on Wednesday June 19 in observance of the US...

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Central Illinois soybean crush margins reach 3-month high

Chicago Mercantile Exchange grain prices fell on Monday June 17, with the July CME soybean futures contract decreasing by...

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Chinese tanners in demand for cheap US hide material

Buyers remained interested in cheaper US cured hides over the weekend of June 15-16, but price negotiations were ongoing...

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US soybean crush hit record high for month in May

US soybean crush climbed to a record high for the month of May, according to the latest data released...

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Grocer profitability attracts scutiny of policmakers

The organic feed market is subdued. Buyers continue to maintain their current pace of just-in-time inventory. Merchandisers report some activity...

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RIN price holds steady despite 13% BOHO decline

The renewable identification number (RIN) market showed some resiliency in the face of a declining bean oil/heating oil (BOHO)...

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Animal fat prices stronger despite stall in soybean oil futures

US animal fat and oils trading was quiet to end the week on Friday June 14.

Animal fat...

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Monthly soybean crush reaches record high for May; soybean oil stocks fall below forecast

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