US soybean harvest nears completion; winter wheat crop faces difficulties

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US soybean harvest nears completion; winter wheat crop faces difficulties

The USDA published the 31st crop progress report for the 2024 growing season on Monday October 28, covering data for the week to Sunday. Winter wheat crop conditions are now being reported and seem to be off to a weaker start than last year, mainly due to overly dry conditions in the southern Plains.

Corn
Corn harvest was reported at 81%, up by 16 percentage points week on week and up by 13 percentage points year on year.

Soybeans
Soybean harvest was...

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Buyer demand grows for spready hides amid tight supply

Buyer demand grows for spready hides amid tight supply

Buyer demand for spready hides, such as heavy native dairy steers and heavy native dairy cows, was strong, but...

Crude-degummed soybean oil basis holding up at Gulf Coast

Crude-degummed soybean oil basis holding up at Gulf Coast

Physical markets for US vegetable oils remained largely subdued on Tuesday October 29. 

Basis indications on soybean oil,...

US crude, kosher crude glycerin prices to increase amid uncertainty on biodiesel tax credit: sources

US crude, kosher crude glycerin prices to increase amid uncertainty on biodiesel tax credit: sources

Crude glycerin supply is highly correlated with biodiesel production; it is a co-product of the biodiesel production process, and...

US CWG prices dip slightly amid increasing hog slaughter rates

US CWG prices dip slightly amid increasing hog slaughter rates

The US animal fats markets experienced a quiet start on Monday October 28, with little change reported aside from...

US cattle slaughter forecast up w-o-w, down 2% y-o-y

US cattle slaughter forecast up w-o-w, down 2% y-o-y

Trading in the US animal proteins market was quiet on Monday October 28, with no price changes reported. 

Central Illinois soymeal prices tumble to 3-year low: USDA

Central Illinois soymeal prices tumble to 3-year low: USDA

In the week to Friday October 25, the soybean crush margin in Central Illinois decreased by 2% week on...

Global hide buyers in market for last of summertime hides

Global hide buyers in market for last of summertime hides

A source in China told Fastmarkets that hide trading was slow on Monday October 28, but sellers said they...

Soybean oil/heating oil futures price spread steady near $1 per gallon

Soybean oil/heating oil futures price spread steady near $1 per gallon

The price spread for soybean oil/heating oil (BOHO) futures improved in the week to Monday October 28, moving back...

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11.22.2024

Biodiesel margins rise, but window of opportunity limited

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

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

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...

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