US soymeal export sales hit marketing-year low; corn, wheat above estimates
Corn
US corn sales for 2024/25 were reported at 1.024 million tonnes in the week to January 9, up...
“It’s the most active January in terms of trading and price increase since before Covid-19 times,” a producer told Fastmarkets.
January is typically a quiet period, with renderers aiming to sell leftover volumes produced in November-December, while demand tends to be low.
Nevertheless, demand for animal fats from European animal feed producers has been strong amid high-priced vegetable oils, and biofuel plants continued buying the feedstock despite softening biodiesel prices, sources said.
Category 1 fat cargoes were reported trading in the...