WASDE Sparks Selling In SBO Futures, Fats Quiet to Close Week

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WASDE Sparks Selling In SBO Futures, Fats Quiet to Close Week

Ryan Standard | 05.12.2023

Trading was mostly quiet to close out the week. Choice white grease and distiller's corn oil (DCO) traded at steady prices. The soybean oil futures market collapsed following today's USDA World Agriculture Supply and Demand Estimates (WASDE) report that forecast a big increase in soybean production and crush for the 2023/24 marketing year. July SBO futures were off 1.63 cts/lb from yesterday's close. It's reasonable to expect that the soybean oil market and next week's Jacobsen Biofuels and Feedstock Conference to keep activity quiet...

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Bloodmeal Prices Soar on Tight Supply

Bloodmeal Prices Soar on Tight Supply

Trading was quiet today with no changes reported. 

For the week, animal proteins were highly unsettled on tight inventories. This,...

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Sausage Casings Bulletin

Sausage Casings Bulletin

Runner Market Commentary

Table 1. 

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Table 2.

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Co-Production Grains Unsettled Due to High CBOT Volatility

Co-Production Grains Unsettled Due to High CBOT Volatility

Market Update

Agricultural futures markets were mixed on Friday following the midday release of the USDA's May World Agricultural Supply...

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Trade Steady to Higher, Logistics Remain an Issue

Trade Steady to Higher, Logistics Remain an Issue

Packers sold a good volume of hides this week at steady to current market levels to $0.50 to $1...

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Canola Oil Demand , Plus May WASDE

Canola Oil Demand , Plus May WASDE

*Note: Amanda is out of the office today and will return Monday, May 15*

 

May WASDE Report

The May World Agriculture...

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Organic Soybean Meal Prices Remain Soft

Organic Soybean Meal Prices Remain Soft

 

The organic soybean meal market in the U.S. remains soft. Exporters tell Fastmarkes that containers are lined up at...

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Hemp Market Data Improving but Still Inflated

Hemp Market Data Improving but Still Inflated

The value of major hemp market segments is inflated in the recently released National Hemp Report published by USDA...

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California LCFS Credit Volume Reaches New Monthly High

California LCFS Credit Volume Reaches New Monthly High

 

Monthly Credit Comparison California, Oregon, British Columbia

Monthly LCFS credit transactions reached an all-time high of 5.6 million in California....

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01.09.2025

Additional 45z guidance expected on January 10

Additional 45z guidance expected on January 10

Information addressing the Bipartisan Infrastructure Law (BIL) and the Inflation Reduction Act (IRA) is expected to be released on Friday January 10, according to several sources speaking with...

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01.09.2025

Prices for US animal fats and oils unchanged; market tightness persists

Prices for US animal fats and oils unchanged; market tightness persists

The US animal fats and oils markets were unchanged on Thursday January 9, as trade slowed following an active start to the week.

Participants continued to report stable pricing in...

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01.09.2025

Averted ILA port strike eases animal protein market tension; November dog, cat food exports rise

Averted ILA port strike eases animal protein market tension; November dog, cat food exports rise

US animal protein prices were steady on Thursday January 9. With the International Longshoremen’s Association (ILA) port strike avoided, sources expect unease to diminish to a degree. However, trade...

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