Uneventful WASDE Report Sinks Vegetable Oil Futures

Blog

Uneventful WASDE Report Sinks Vegetable Oil Futures

Alexandra Watts | 12.08.2023

In its December World Agricultural Supply and Demand Estimates (WASDE) released at noon on Friday, the USDA made no changes to its monthly U.S. soybean oil balance sheet projections. However, the agency did lower its forecast for the average U.S. soybean oil price by four cents to 57 cents per pound.

The USDA's projection for domestic soybean oil exports for 2023/24 was steady at 350 million pounds, and its forecast for biofuel demand for the year was flat at 12.8 billion pounds. The agency...

Read More
Mexico’s Ban on GMO Corn Looms

Mexico’s Ban on GMO Corn Looms

Non-GMO corn markets are niche markets that rely on the national policy...

READ MORE

Affordable Housing Initiative to Feature Hemp Construction

Affordable Housing Initiative to Feature Hemp Construction

As communities grapple with a worsening housing crisis, one Northern California town...

READ MORE

2023 RIN Production Mixed

2023 RIN Production Mixed

With 10 months of Renewable Fuel Standard (RFS) production accounted for in 2023, RIN generation for the various “D”...

READ MORE

US Fat Exports Continue to Lag 2022 Levels

US Fat Exports Continue to Lag 2022 Levels

Trading was mostly quiet today but the reports that did come through were mostly at steady prices. The exception...

READ MORE

Ruminant Bloodmeal Moves Higher

Ruminant Bloodmeal Moves Higher

Limited trading was reported for Thursday with the exception of the bloodmeal market, leaving most values flat heading into...

READ MORE

Animal Fats – International 7.12.23

Animal Fats – International 7.12.23

Used Cooking Oil (UCO) delivered to Amsterdam, Rotterdam, Antwerp (ARA) traded at $820-850/mt CIF during the week, with some...

READ MORE

Grain Export Sales Fall Within Analyst Estimates

Grain Export Sales Fall Within Analyst Estimates

CME grain prices had an upwards trend on Thursday. March wheat increased by $0.0875, closing at $6.42/bu, and January...

READ MORE

U.S. Cattle Slaughter Overview

U.S. Cattle Slaughter Overview

Sources reported a lack of trading activity in the hide market today, with no new reports. Market participants continue...

READ MORE

Articles by Topic

Blog

12.26.2024

East Coast renewable diesel supplies likely to decline: EIA

East Coast renewable diesel supplies likely to decline: EIA

Renewable diesel supplies on the US East Coast could be cut in half starting in January as the Clean Fuel Production Credit (CFPC) replaces the expiring Blender’s Tax Credit,...

READ MORE

12.26.2024

US animal fats and oils markets mostly stable, with movement only in CWG

US animal fats and oils markets mostly stable, with movement only in CWG

The US animal fats and oils markets were largely steady on Thursday December 26 amid limited trade activity due to the Christmas holiday.

The only notable activity observed...

READ MORE

12.26.2024

Avian flu spikes in poultry, cattle sector at end of 2024

Avian flu spikes in poultry, cattle sector at end of 2024

US animal protein prices were steady on Thursday December 26, with limited volumes reported to have been traded.

US avian flu update
Year-to-date US poultry headcounts affected by...

READ MORE

Latest Tweets

Twitter feed is not available at the moment.