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Blog

US Gulf soybean oil basis strengthens as domestic exports surge

Alexandra Watts | 10.24.2024

Net sales of soybean oil in the US for the 2024/25 marketing year were up sharply in the week ended October 17, according to data published by the USDA on Thursday October 24. This reflected the uptick this week in Gulf Coast crude-degummed soybean oil basis indications.

Domestic soyoil sales totaled 29,000 tonnes, surging from a total of 400 tonnes in the week ended October 10.

The massive upswing in soybean oil sales had been expected by market participants because Argentine soyoil...

International animal proteins mixed for week to October 24, 2024

Prices in the international animal proteins market were mixed in the week to Thursday October 24.

Fastmarkets assessed...

Supply concerns build on new requirements for West African organic exporters

The National Organic Program (NOP) issued a memo on new oversight requirements for USDA-accredited certifiers in West Africa on...

Hemp fiber segment making inroads into various industries

The 2024 Montana Hemp Summit occurred last week in Great Falls, Montana. Hosted by Ft. Benton-based

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Equipment failure at Neste’s Singapore facility shuts down RD production for US market

Neste Singapore’s first production line, which meets renewable diesel requirements set for the US market, encountered unforeseen equipment failure,...

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US DCO prices steady; production levels hit two-month high

Prices for US animal fats and oils were once again mixed on Wednesday October 23, with some Chicago markets...

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US animal proteins prices steady on light trade

Prices were steady in the US animal protein market on Wednesday October 23, with several market participants attending the...

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US ethanol production reaches 2-month high; stocks slip

Weekly average ethanol production in the US hit a two-month high of 1.08 million barrels per day in the...

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Luxury hide tanners continue to face weak demand

The US hide market had a quiet tone on Wednesday October 23, with market sources reporting minor price changes.
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Blog

US Gulf soybean oil basis strengthens as domestic exports surge

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