US soybean oil, meal exports surge week on week

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US soybean oil, meal exports surge week on week

Alexandra Watts | 04.25.2024

US net soybean oil and meal exports for 2023-2024 surged in the week ended April 18, data from the US Department of Agriculture showed on Thursday April 25.

Domestic soybean oil exports for the current marketing year climbed by 76.47% week on week to 3,000 tonnes. The US exported 2,000 tonnes to Venezuela and 800 tonnes to Mexico over the period. The US exported 1,700 tonnes of soybean oil during the week ended April 11.
 
Net US soybean oil export sales for the 2023-2024 marke...

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Prices in the international animal protein market were unchanged week on week on Thursday April 25.

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Fastmarkets assessed

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at $370-420 per short ton on Wednesday, widening downward from $380-420 per...

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US weekly ethanol production drops below previous low

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Furthermore, May soymeal rose $0.80 per short ton to $346.00 per ton, while...

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A seller told Fastmarkets that steer hide bids were on average down by $2 per piece from the previous...

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May delivery soybean oil futures settled at $0.4466 per lb, down by 65 basis points per lb or 1.43%....

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Despite the move higher, D4 RINs are down 2% in value from the previous week. RIN prices are receiving...

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